Mining

Announced in January 2016, Oman’s ninth five-year plan is the final component of is long-term blueprint Vision 2020 and includes mining as one of five pillars of economic diversification being fast-tracked by the sultanate. With the government targeting 6% annual growth in the sector, and major regulatory initiatives attracting increased investor interest, mining is poised to surge in 2017-18. In 2015 the contribution of mining and quarrying activities to GDP reached $368m. The building materials segment continued to dominate the mining and quarrying sector in 2015, with production rising by 12% to reach 72m tonnes.