What can be done to increase and develop Oman’s manufacturing export base?
The Middle East Industry
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Interviews & Viewpoints | Gert Hoefman, CEO, Oman Cables Industry: Interview from The Report: Oman 2016
Articles & Analysis | Oman's government plans extra capacity to meet utilities demand from The Report: Oman 2016
With a growing population and an economic development plan focused on industrial expansion, Oman’s utilities sector is looking to keep pace with rising demand. Fortunately, as far as the country’s power sector is concerned, market reforms stretching back almost two decades ensure that it is among the most competitive in the GCC, well capable...
In recognition of its varied physical, ethnic and cultural landscape, Oman has long been divided into regions, with the government and the sultan keen to achieve a much more equitable and sustainable economic balance between them. Oman’s current long-term development plan includes provisions targeting this goal, as well as plans focused on greater regional authority. Special economic zones (...
Chapter | Industry & Retail from The Report: Oman 2016
For over two decades Oman’s industrial sector has been a key plank in the government’s economic diversification strategy, and the country’s non-petroleum sectors continued to see robust growth in 2014. Electricity and water supply grew by 8.6% to reach $973.5m, mining and quarrying expanded by 8.5% to $322.3m, and building and construction was up 8.3% to $5.4bn. Recent efforts to boost the...
With Oman’s economic development plan focused on further industrial expansion, and with the sultanate’s population growing, Oman’s utilities sector is looking to keep pace with growing demand. Market reforms stretching back almost two decades have ensured the power sector is well positioned to deal with this higher demand, ramping up production in line with growth. Current priorities for the...
Oman’s long history of political stability coupled with its favorable international trade agreements and special economic zones has ensured strong growth in economic output and exports in recent years. The fall in global prices is undoubtedly a concern for the sultanate, but the sustained focus on diversification schemes, as well as the country’s ongoing spending commitments on big-ticket projects should ensure steady growth moving forward.