Bahrain has embarked on a reworking of its subsidy framework in a bid to ease the budgetary pressures associated with the fall in oil prices. Meanwhile, the government is also pushing forward with diversification efforts, with the kingdom’s $32bn investment strategy fuelling activity in various areas of the economy.
Established in 2014 as the regulator and policymaker for Oman’s mining and minerals industry, the Public Authority for Mining (PAM) is primarily focused on developing four areas in mining operations: legislation, organisational structure, investment and local community concerns. In support of these objectives, one of the first tasks undertaken...
Despite the impact of the oil price downturn, the sultanate remains an attractive proposition for GCC-focused retailers and international brands. Compared to neighbouring markets in the UAE, Kuwait and Qatar, the retail footprint in Oman is less formalised and growing from a smaller base. Retail space per capita is the lowest in the GCC at 0....
Announced in January 2016, Oman’s ninth five-year plan is the final component of Vision 2020 and includes mining as one of five pillars of non-petroleum economic diversification currently being fast-tracked by the sultanate. With the government targeting 6% annual growth in the sector, and major regulatory initiatives attracting increased...
In January 2016 the Oman Supreme Council for Planning published the sultanate’s ninth five-year plan, covering 2016 to 2020. The plan is the final component of the government’s long-term Vision 2020 development strategy, focused on reducing reliance on the energy sector’s contribution to GDP and boosting non-petroleum industrial activities...
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