Standing apart from markets in neighbouring GCC countries, the sultanate’s shoppers are regarded as being price-conscious and value-driven. Lower per capita incomes and a smaller number of high-income expatriates within the context of a more moderate economic development strategy have placed the sector on a unique trajectory in the region. While the market has been...
Once mainstays of the Omani economy, agriculture and fishing still play a vital role in the broader national development trajectory. In a country that imports vast quantities of its food supplies, a thriving agriculture and fisheries sector helps ensure food security and economic diversification. Furthermore, the sector is still a major source of employment in Oman’s...
Free trade zones (FTZs) are a major part of the sultanate’s efforts to drive regional growth and help diversify the economy away from its dependence on the hydrocarbons industry. These zones offer a host of exemptions and incentives for firms locating within them, and give companies the chance to not only serve the domestic market, but also take advantage of the...
From the monsoon-swept south to the scorching, dry hills of the Musandam Peninsula in the north, Oman’s geographical diversity runs in parallel with some divergent levels of economic development, as well as cultural and historical differences. In recognition of this, and of the challenges such diversity brings to the prosperity of the whole country, the government has...
Mining activities in Oman are set to increase considerably in the coming years, following the discovery of significant reserves of mineable minerals, including gold, copper and rare earths. The government has recently moved to create a sustainable growth path for the industry, introducing new legislation aimed at increasing value addition and reducing raw exports. While...
As Oman ramps up oil production and strives to reduce raw exports and bolster its downstream hydrocarbons sector, the petrochemicals industry is poised for strong expansion in the coming years. The government is pouring billions of dollars into the sector in an effort to industrialise the economy, improve value addition and create jobs, with a host of new projects in...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×