Bahrain at 2nd spot in World Bank’s LPI 2023 rankings

Kingdom of Bahrain has achieved new rankings on the Logistics Performance Index 2023 published by World Bank as the ‘Most Improving Country in the GCC’. The Kingdom ranked second in the Arab World, and 34th globally, climbing 25 positions since 2018. This is thanks to the milestone projects and initiatives delivered within the logistics sector across the past year, the Kingdom advanced 58 positions on the ‘Timeliness Subindex’ to reach 2nd in MENA (10th globally) in view of the least aviation import dwell time on average. What’s more, the Kingdom has been ranked one in the GCC in terms of minimal number of delay observations in import and exports. The World Bank report offers a comprehensive review of the trade logistics performance, collecting data from May to October 2022 across 139 countries, assessing efficiency of customs clearance, quality of trade and transport infrastructure, ease of arranging competitively priced international shipments, quality of logistics services, the ability to track consignments, and timeliness. Ahmed Sultan, Executive Director, Business Development of Manufacturing, Transport and Logistics, Bahrain Economic Development Board, said, “Bahrain’s high ranking and favorable performance was earned in view of its robust supply chain and advanced logistics infrastructure.”