GCC’s fastest-growing logistics market
According to a report by Invest Qatar, the GCC region’s logistics sector is expected to expand the quickest in Qatar, at a CAGR of 6.2 percent between 2020 and 2026.
In the region’s logistics market, the KSA is predicted to grow at a rate of 5.8 percent, Kuwait, Oman, and Bahrain at 4.5 percent, and the UAE is predicted to increase at a rate of 2.4 percent. The storage, exporting, and logistics sectors in Qatar are expected to continue growing, offering new opportunities for overseas businesses. Qatar logistics and warehousing reported $22,462 million in sales during the pandemic and had shown a 7 percent gain over the previous five years. The expansion of e-commerce, improved infrastructure, and greater industrial activity are the key factors driving Qatar’s logistics and warehousing business. To support its commercial activities, Qatar boasts one of the most cutting-edge logistics infrastructures both globally and in the GCC.