The sultanate’s economy continues to enjoy the benefits of petroleum wealth, which has provided budget surpluses in most years and served as a backbone for growth. However, planning is well under way for an era in which oil will not be the main economic driver, with the twin goals of diversification and creating an increased number of private sector jobs at the top of the government’s current agenda.
Sohar’s significance as an economic engine for Oman’s modernisation programme becomes more evident each year. Its expanding port capacity, growing industrial estate, strategic location and attractive regulatory environment continue to lure new investments. The Greater Sohar Industrial Zone, also known as Gateway Sohar, includes the Sohar...
The Oman National Railway Project proposes to link the sultanate’s commercial centres to its main maritime gateways, from Sohar to Salalah, and open up new land corridors. Further plans to connect this system to the GCC rail network would link Salalah, Oman’s biggest trans-shipment hub, directly to Kuwait City, providing a land route for freight...
While airport projects received the majority of funding from Oman’s eighth five-year plan, land link developments look set to steal the spotlight in 2014. As well as moving forward on a series of major highway upgrades, Oman’s national railway project is finally set to break ground. The Oman Railway Company (ORC) is moving closer to floating...
How will the GCC railway help relieve congestion and boost efficiency in Oman’s logistics sector?
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