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...
Driven by rapid industrialisation, a growing population base and state-funded investments in major infrastructure projects, demand for electricity and water has surged in Oman over the past decade. Peak power demand on Oman’s Main Integrated System (MIS) has more than doubled since 2006 and water demand has almost tripled, according to Finnish...
With demand growth projections for potable water in Oman steady at 6% through to 2020, the Public Authority for Electricity and Water (PAEW), in cooperation with Nama Group subsidiary the Oman Power and Water Procurement Company (OPWP), are implementing strategies aimed at increasing capacity to meet shortfalls, particularly in the northern...
Responding to growing concern over traditional methods of handling municipal solid waste (MSW) that contribute to environmental and health issues, the sultanate’s state-owned waste management body, the Oman Environmental Services Holding Company – also known as Be’ah – has launched a waste management plan expected to generate investments of up...
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