Oman’s industrial sector is a key pillar of its long-term development strategy, as well as a major employer and a steadily growing source of wealth. It covers a wide range of fields, including mining, petrochemicals, aluminium and organic beverages.
Oman’s industrial sector is a key pillar of its long-term development strategy, as well as a major employer and a steadily growing source of wealth. It covers a wide range of fields, including mining, petrochemicals, aluminium and organic beverages.
Since 1983, when the sultanate opened its first industrial estate at Rusayl in Muscat, specialised zones for manufacturing, heavy and light industry, IT, chemicals and pharmaceuticals have flourished. These now form part of Oman’s overall economic strategy, as it diversifies away from hydrocarbons by boosting alternative sectors. Employment is...
Mining in Oman is poised for growth in line with economic diversification plans, and the sector has distinct advantages over other developing markets. The country has some of the richest and most diverse mineral deposits in the world, ranging from gold and copper to potash, gypsum, chromite and limestone. Despite this, Oman’s mineral wealth...
As the first step in a series of planned privatisations, 2019 should see the partial sale of two government-owned electricity companies: Oman Electricity Transmission Company (OETC) and the Muscat Electricity Distribution Company (MEDC). The motivations for the sell-off strategy are many, ranging from efforts to improve operational efficiency...
In July 2018 the opening of Oman’s largest seawater desalination plant on the coast west of Seeb marked a major step forward for the water utility sector. Completed in less than 30 months at a cost of $300m, the Barka IV independent water project (IWP) has a capacity of 281,000 cu metres per day. The Barka Desalination Company is a consortium...
With the utilities sector continuing its long-term shift towards privatisation, these are changing times for power, water and waste in the sultanate. The year ahead will see further private sector participation in the country’s electricity transmission and distribution networks, while a number of new desalination projects will also get under...
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