The shipping and logistics company is a vital service provider within the global supply chain, facilitating the efficient transportation of goods between local and international destinations. Serving as a cornerstone in fostering seamless trade, it enhances the efficiency of business practices worldwide. Offering a comprehensive suite of services, including air, sea, and land freight, the company ensures the smooth movement of shipments. Additionally, it provides packaging, warehousing, and customs clearance services, guaranteeing the safety and efficiency of each transfer.
The Shipping and Logistics Company is a vital service provider within the global supply chain, facilitating the efficient transportation of goods between local and international destinations. Serving as a cornerstone in fostering seamless trade, it enhances the efficiency of business practices worldwide. Offering a comprehensive suite of services, including air, sea, and land freight, the company ensures the smooth movement of shipments. Additionally, it provides packaging, warehousing, and customs clearance services, guaranteeing the safety and efficiency of each transfer.
Mashroo3k for Economic Consulting is pleased to offer a feasibility study for Shipping and Logistics Company, aligning with the latest international standards in the field. Our services are distinguished by methodological rigor, comprehensive analysis, connectivity, and forward-thinking capabilities. Leveraging our extensive database covering all Middle Eastern markets and a team of experienced, competent, and professional consultants, we ensure meticulous analysis and strategic planning. Additionally, we prioritize offering our clients access to top-quality production lines at competitive prices.
Executive Summary
Project Service/Product Study
Market Size Study
Study of Risks
Service Sector in the GCC Countries
According to macroeconomic sector theory, the economy is typically categorized into three primary sectors: The first involves the extraction of raw materials, encompassing industries like mining, timber, oil exploration, as well as agro-industries and fisheries. The second sector involves the production and sale of goods, including industries such as automotive manufacturing, furniture, and clothing trade. Conversely, the third sector, known as the “service” sector, focuses on providing intangible services, such as entertainment, healthcare, transportation, hospitality, and restaurants. As countries progress, their economies tend to shift towards greater reliance on the service sector, in contrast to less developed countries where the primary sector predominates. For instance, in the United States, the service sector accounts for 85% of its economy.
The Kingdom of Saudi Arabia:
Qatar:
Kuwait:
The United Arab Emirates:
Oman:
The Global Service Sector
The service sector is the major contributor to the global GDP; it alone accounts for more than three fifths of this GDP. The sector does not rely on producing tangible goods such as vehicles and furniture, but rather on providing intangible services such as banking, medical care, transportation, hospitality, entertainment, etc. The value of the sector market was estimated in 2020 at USD 10,814.49 billion and rose to USD 11,780.11 billion in 2021. Therefore, the market achieved a CAGR of 8.9%. After recovering from the effects of the corona virus pandemic, global market experts expect the sector market to reach USD15683.84 billion by 2025, bringing the market to a CAGR of 7% in the coming years.
Mashroo3k for Consulting recommends investing in the services industry, as its contribution to the GDP rose from 62.8% in 2010 to 65.7% in 2020. According to World Bank data, the contribution of this industry to the GDP is expected to rise to 69.6% by the year 2030.