Following the global oil price drop in 2014, Oman – like the other GCC states – is pushing ahead with its long-term national development plans that seek to diversify the economy.
Oman Industry
Displaying 25 - 30 of 105
New investment is expected to help Oman sustain expansion of its manufacturing sector, which has established itself as a leading component of the economy on the back of strong recent growth.
A new mining strategy and mining law in Oman, plus efforts to improve port infrastructure, are expected to increase investment and promote growth in minerals exports.
Articles & Analysis | Mining regulations support investment in copper extraction and processing in Oman from The Report: Oman 2018
Following a period of mixed results for Oman’s mining and mineral processing sector, in which copper exports fell, the segment now appears set to rebound. According to the Central Bank of Oman, output of copper ore dropped to zero in 2016, after falling 42.9% in 2015 from 72,100 tonnes per annum to 41,200 per annum. Nevertheless, projects...
Articles & Analysis | Mining in Oman to see streamlined permitting, and improved port infrastructure and logistics from The Report: Oman 2018
More than 100 delegates from 18 countries converged in Muscat in October 2017 for the country’s second annual international conference of mining investors and service providers. The growing interest in the conference is testament to both the great potential of the country’s mining and quarrying sectors, and of the priority accorded to the...
Articles & Analysis | A range of incentives available in Oman's special economic zones from The Report: Oman 2018
To encourage industrial investment in Oman, the government has established special economic zones where investors enjoy tax exemptions, trade facilitation, and competitive advantages on imports and Customs duties. There are four such free trade zones – Al Mazunah, Sohar, Salalah and Duqm – each at different stages of development, and all...