Looking to support its movement towards the non-oil export market, Oman has built strong economic partnerships. As a member of the World Trade Organisation, the Greater Arab Free Trade Area, the GCC, the Indian Ocean Rim Association (IORA) and the bilateral free trade agreement (FTA) with the US, Oman has developed a robust network that enables...
Food consumption across the GCC region is set to increase by over 3% annually over the next five years, according to a report released by finance house Alpen Capital. In Oman, an expanding youth population, combined with a rise in the number of expatriates and growing disposable incomes, has fuelled the growing demand for protein. While the...
Throughout their modern histories, GCC countries have searched for ways to extract extra value from their massive oil and gas reserves. In the 1970s, aluminium offered these opportunities. The metal, prized for its lightness, flexibility and strength, has made its way into the production of everything from construction components to soda cans....
For an economy in the process of diversification, the expected further growth of Oman’s industrial sector is a welcome sign. Although a significant share of the sultanate’s GDP is currently derived from the petroleum industry, Oman’s oil and gas supplies are expected to be depleted before those of most oil producers within the region. As a...
In order to ensure more balanced economic growth throughout the sultanate, a number of industrial estates have been developed. The management of these properties falls under the responsibility of the Public Establishment for Industrial Estates (PEIE), a government body set up in the early 1990s.
The mining industry in the sultanate is changing in a number of positive ways. Most notably, output has increased substantially for laterite and several minerals, including gypsum. According to data released by the Ministry of Culture and Industry (MoCI) in 2012, laterite production climbed by over 92%, from around 375,000 tonnes in 2010 to over...
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