To enhance its economic diversification programme, Oman’s government has taken steps to prepare the workforce for new private sector-based industrial developments. Concern over the long-term future of oil reserves has sparked investment not only in industrial infrastructure – through industrial estates – but also into legal reforms, training...
Looking to support its movement towards the non-oil export market, Oman has built strong economic partnerships. As a member of the World Trade Organisation, the Greater Arab Free Trade Area, the GCC, the Indian Ocean Rim Association (IORA) and the bilateral free trade agreement (FTA) with the US, Oman has developed a robust network that enables...
Food consumption across the GCC region is set to increase by over 3% annually over the next five years, according to a report released by finance house Alpen Capital. In Oman, an expanding youth population, combined with a rise in the number of expatriates and growing disposable incomes, has fuelled the growing demand for protein. While the...
A topic receiving much attention of late, decentralisation of Peru’s production sector could soon be realised, benefitting the nearly two-thirds of the country’s population who reside outside of Lima. As limited space for growth in the capital is spawning initiatives from the public and private sectors, consolidating infrastructure via...
With streets choked corner to corner with taxis, cars and their blaring horns, the relatively recent arrival in Lima of motorcycle taxis is a welcome, but not surprising addition. Coordinating president of Peru’s National Society of Industries Metal-Mechanics Committees, Emilio Navarro points out how this transportation phenomenon is closely...
A shift towards industrial development is propelling a number of Latin America’s leading economies. As one of the frontrunners, Peru has caught on to the trend of moving away from primary product dependency, discovering the benefits of establishing a healthy balance between manufacturing and commodity exports. The results are evident in domestic...
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