Industrial zones, port developments, railways and fisheries projects are but a few examples of how public and private investments are transforming Oman’s regions. Some 87m sq metres of land has been allocated for industrial estates in Sohar, Salalah and Duqm, at a total investment of $9.4bn. The range of new industrial projects shows a clear development strategy aimed at regional economic...
The Middle East Economy
Displaying 1597 - 1602 of 2003
The sultanate’s economy continues to enjoy the benefits of petroleum wealth, which has provided budget surpluses in most years and served as a backbone for growth. However, planning is well under way for an era in which oil will not be the main economic driver, with the twin goals of diversification and creating an increased number of private sector jobs at the top of the government’s current...
Chapter | Country Profile from The Report: Oman 2014
An ancient maritime power, Oman is open to the world while at the same time preserving a strong sense of tradition and culture. Its numerous land borders and extensive coastline have given leaders a knack for negotiation and pragmatism in foreign policy. The government is making efforts are to respond to the increasing need for employment caused by a rapidly growing population, many which are...
Economic update | Bahrain Year in Review 2013
5 Jan 2014
Focus in 2013 remained on maintaining growth and the continuing process of further diversification of the economy – something Bahrain has a head-start on over many of its neighbours. However, ongoing security concerns have overshadowed performance in some sectors.
Strong relationships with allied nations and international financial institutions are paying handsome dividends for Jordan, with multiple entities extending considerable new funding in the form of aid, easy credit and/or investment.
Articles & Analysis | Protecting Julfar: Unearthing a region of rich historical importance from The Report: Ras Al Khaimah 2013
Ras Al Khaimah has become an important part of the UAE since the formation of the union in the early 1970s. The emirate, however, has an ancient history that goes back more than 7000 years. There are traces of human activity in the region that date back to approximately 5500 BCE, and stone implements, beads, pottery and a variety of building...