Trade relations between the GCC and Asian economies have been growing steadily for some time now. Recent developments suggest, moreover, that they are set to expand further over the next decade. While there are some risks associated with Asian markets, the GCC as a bloc is deepening its commitment to the region. This is signalled by a number...
Following a negative period for the international shipping market, in 2012 the container route from Shanghai to the Gulf through Dubai experienced the second-highest freight rate growth in the entire Asian region. This news was part of an emerging trend of the maturation of GCC-Asia trade. A relationship that was once just based on energy demand is diversifying and the...
The year 2015 will mark the 45th anniversary of the accession of His Majesty, Sultan Qaboos bin Said Al Said and the establishment of the Sultanate of Oman, making Oman the longest continually independent Arab country in modern history. November 18 is Oman National Day, which coincides with the sultan’s birthday. The sultanate’s influence in the region is felt above all...
The mining industry is set to become an important sector in Oman’s diversification programme. Various exploratory studies, commissioned by the Directorate-General of Minerals at the Ministry of Commerce and Industry (MCI), have recently uncovered substantial deposits of metallic and non-metallic resources across the country, mainly carbonate-...
Sohar’s significance as an economic engine for Oman’s modernisation programme becomes more evident each year. Its expanding port capacity, growing industrial estate, strategic location and attractive regulatory environment continue to lure new investments. The Greater Sohar Industrial Zone, also known as Gateway Sohar, includes the Sohar...
Industrial zones, port developments, railways and fisheries projects are but a few examples of how investments are transforming Oman’s outlying regions. Such projects involve both public and private sectors, and many are large-scale. Big developments outside Muscat, which make up the largest chunk of investments, both domestic and foreign, are...
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