For those with a stake in Oman’s proposed railway system, 2015 quickened the pulse. After several years of deliberations, the authorities began tendering for four separate stages of the proposed nine-segment national rail network. The network is anticipated to eventually comprise a total of 2135 km of standard-gauge track, with a total...
Leveraging the country’s strategic position adjacent to one of the world’s major seaborne trade routes, the government has identified Oman’s transport and logistics sector as a priority area with considerable potential for growth. To capitalise on that promise, public authorities are in the midst of a multi-billion-rial investment programme...
Oman’s public authorities are in the midst of a multi-billion-rial investment programme designed to expand and improve the country’s transport and logistics capacities across land, sea and air. Salalah, the country’s largest port, has recently shifted its focus towards import/export traffic, with a new 20-year master plan launched in 2011 aiming to establish multi-modal links at the port and...
Oman’s long history of political stability coupled with its favorable international trade agreements and special economic zones has ensured strong growth in economic output and exports in recent years. The fall in global prices is undoubtedly a concern for the sultanate, but the sustained focus on diversification schemes, as well as the country’s ongoing spending commitments on big-ticket projects should ensure steady growth moving forward.
One major advantage of the $8bn expansion of the Suez Canal will be the scope for increased revenues, with the new shipping lane allowing for a sizeable increase in traffic transiting the canal.
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