With manufacturing identified as one of the priority sectors under Oman’s Industrial Strategy 2040, the government is seeking to reduce reliance on imports by increasing domestic production of construction materials such as cement, steel and aluminium. To this end, the National Programme for Enhancing Economic Diversification, or Tanfeedh, is...
From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system,...
After several years of slower growth, Oman’s construction sector looks set to bounce back as the government continues investment in infrastructure, tourism, housing and energy extraction. Strong private sector activity in the retail market is also creating a promising pipeline of construction work on shopping malls and other commercial...
One facet of Oman’s continuing diversification drive is the construction of large, mixed-use developments that combine residential, commercial and office buildings. These spaces are set to support two of the five sectors targeted in the National Programme for Enhancing Economic Diversification, also known as Tanfeedh: tourism and manufacturing...
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Cities are seen as opportunity hubs for many rural dwellers.
As the second-largest driver of non-hydrocarbons growth and the sector that employs the greatest number of people, construction plays a key role in Oman’s economy. While 2017 was a difficult year for the industry, forecasts suggest a return to growth in 2018 and 2019 on the back of higher oil prices and a government-supported diversification...
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