Domestic output of both steel and cement has recorded a substantial rise amid recent price pressures, suggesting the supply of building materials will continue reliably at cost-effective levels as the country looks to clear a large infrastructure project pipeline on a tighter budget. With regional demand set to continue growing – by as much as...
Located in the south-eastern quarter of the Arabian Peninsula, Oman is the only member of the GCC situated outside of the Gulf. Leveraging its strategic location, Oman has invested in infrastructure with the goal of becoming a global logistics centre. While the country is less hydrocarbons-rich than its GCC neighbours, diversification efforts...
As Oman enters its 48th year of renaissance, we hope to see its sustained development continue. In recent years we have witnessed, through the implementation of various plans and programmes, the accomplishment of those goals which we have had our sights set on since the dawn of our new era. These achievements are inspired by our fundamental...
Arab states are China’s important partners in following the peaceful development path, strengthening unity and cooperation among developing countries and establishing a new type of international relations, with win-win cooperation at its core. China has always approached China-Arab relations strategically. It is China’s long-held diplomatic...
Oman’s oil output fell by 3.7% year-on-year (y-o-y) in the first 10 months of 2017, with production averaging 970,000 barrels per day (bpd), down from 1m bpd in the same period of 2016. However, an improvement in average prices saw oil earnings rise by 32%, according to the National Centre for Statistics and Information.
The utilities industry in Oman is going through a transitional period in anticipation of major restructuring and renewal plans in the water and electricity sectors. While large-scale retail competition in electricity is not yet feasible, changes in technology – like the introduction of cost-reflective tariffs (CRT) – are making distributed...
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