Significant legislative developments in 2019 laid the groundwork for growth in Oman’s mining sector. The full extent of the country’s mineral...
Oman Industry
The year 2020 marks the 50th anniversary of the establishment of the Sultanate of Oman, making it the longest continually independent Arab country in modern history. The year also marks the passing of Sultan Qaboos bin Said Al Said, who died on 10 January. He is succeeded by his cousin and the former minister of culture, Sultan Haitham bin Tariq Al Said.
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The year 2020 marks the 50th anniversary of the establishment of the Sultanate of Oman, making it the longest continually independent Arab country in modern history. The year also marks the passing of Sultan Qaboos bin Said Al Said, who died on 10 January. He is succeeded by his cousin and the former minister of culture, Sultan Haitham bin Tariq Al Said.
Articles & Analysis | Oman's mineral exploration creates positive environment for foreign investment from The Report: Oman 2020
Significant legislative developments in 2019 laid the groundwork for positive growth in Oman’s mining sector. The full extent of its mineral wealth has only recently been realised, and with a number of projects under way across the sultanate, the sector has strong potential to affect positive economic diversification of the country. At the...
Articles & Analysis | Omani companies take innovative approach to developing mineral downstream segment from The Report: Oman 2020
The abundance of mineral resources in Oman has long been known, however, its full potential has only recently been tapped. The non-metallic mineral limestone has a purity of 99.8%, the highest in the world, and gypsum, of which Oman is the largest exporter globally, provide a steady source of GDP for the sector. However, the most notable...
Articles & Analysis | Industrial zones to play key role in releasing Oman's economic potential from The Report: Oman 2020
Manufacturing is on track to reach the target contribution of 15% of GDP by 2020 laid out by Oman’s Vision 2020 economic development plan, which was first announced in 1995. Indeed, Oman has accomplished 70% of its ambitions in Vision 2020, Talal bin Sulaiman Al Rahbi, deputy secretary general of the Supreme Council of Planning (SCP), told...
Articles & Analysis | Small and medium-sized enterprises central to sustainable growth from The Report: Oman 2020
Small and medium-sized enterprises (SMEs) are the engines of global economic growth and employment, accounting for an average of 33% of GDP and 45% of the workforce in high-income countries, and over 60% of GDP and 70% of employment in developing economies. In the case of the latter, the rise in the number of SMEs has been crucial to economic...