The mining industry in the sultanate is changing in a number of positive ways. Most notably, output has increased substantially for laterite and several minerals, including gypsum. According to data released by the Ministry of Culture and Industry (MoCI) in 2012, laterite production climbed by over 92%, from around 375,000 tonnes in 2010 to over...
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Articles & Analysis | Dig deep: Natural resource wealth is focusing new attention on extraction from The Report: Oman 2013
Articles & Analysis | A destination for everyone: Rising incomes mean outlet options continue to diversify from The Report: Oman 2013
A number of factors are shaping Oman’s developing retail market. While competition has increased as more companies have set up retail outlets in the sultanate, salaries have also grown, boosting consumer spending as a consequence. Other, less obvious factors are influencing the market including increased infrastructure spending, more...
Articles & Analysis | All things, great and small: Growth in sales options is coming in a number of shapes and sizes from The Report: Oman 2013
Oman’s retail market is largely split between shopping malls and relatively small roadside shops or ground floor retail units. While shopping malls are relative newcomers, the segment is growing quickly both within the capital area and in other, less-populated cities. The two largest shopping malls in Oman are Muscat City Centre and the recently...
At the base of the Arabian Peninsula, occupying a landmass slightly larger than Italy, Oman is the largest country in the GCC after Saudi Arabia. In recent years, the non-OPEC oil exporter’s economy has been undergoing a steady transformation, reorienting from oil toward a more diverse set of service and industry-based economic activities. So far, progress has been promising. In 2011 oil and gas accounted for 38.8% GDP.
Chapter | Industry & Retail from The Report: Oman 2013
As part of a strategy to diversify the economy away from the oil and gas sector, efforts are continuing apace within the industrial sector. In particular, the government is working to expand steel production, as regional demand is expected to increase in line with large-scale projects underway in the GCC region. The aluminium industry, for example, is showing signs of good growth, with new...
Articles & Analysis | Pedal to the metal: Infrastructure projects are fuelling an increase in steel production from The Report: Malaysia 2012
Fuelled by steady economic growth, and the consequent liberal capital expenditure policies of both the public and private sectors, steel manufacturing – along with the construction materials industry as a whole – is maintaining a steady upward trajectory. Since 2008 the annual growth of Malaysia’s construction sector has averaged 4.7%, while...