Asyad buys Skybridge Freight Solutions

Oman’s logistics giant Asyad Group has acquired Skybridge Freight Solutions (SFS), a significant international expansion for the state-controlled firm.

“Acquiring SFS will play a significant role in bolstering Oman’s connectivity with vital global trade routes,” Asyad stated in a release, claiming the aim was to “ultimately redraw the global trade map”.

SFS was established in Dubai in 2007. Today it covers over 90 countries across six continents.

Asyad boasts a fleet of more than 40 owned ships and is reportedly planning to float its shipping arm by the end of the year.