The Middle East

For an economy in the process of diversification, the expected further growth of Oman’s industrial sector is a welcome sign. Although a significant share of the sultanate’s GDP is currently derived from the petroleum industry, Oman’s oil and gas supplies are expected to be depleted before those of most oil producers within the region. As a...

With 222,000 barrels per day (bpd) of refining capacity, Oman may be struggling to meet domestic demand now, but an expansion of one of the nation’s two refining facilities and the development of a new refinery operation is set to more than double the sultanate’s output of refined products and open the door to a new export business.

A range of construction projects lie at the heart of Oman’s growing economic development. From infrastructure to housing and from tourism to health care, contractors and construction firms are playing a major role in facilitating economic growth in the sultanate. Much of the expansion is driven by a desire to convert Muscat into a more appealing...

In order to ensure more balanced economic growth throughout the sultanate, a number of industrial estates have been developed. The management of these properties falls under the responsibility of the Public Establishment for Industrial Estates (PEIE), a government body set up in the early 1990s.