Oman Industry

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Following the global oil price drop in 2014, Oman – like the other GCC states – is pushing ahead with its long-term national development plans that seek to diversify the economy.

New investment is expected to help Oman sustain expansion of its manufacturing sector, which has established itself as a leading component of the economy on the back of strong recent growth.

A new mining strategy and mining law in Oman, plus efforts to improve port infrastructure, are expected to increase investment and promote growth in minerals exports.


Following a period of mixed results for Oman’s mining and mineral processing sector, in which copper exports fell, the segment now appears set to rebound. According to the Central Bank of Oman, output of copper ore dropped to zero in 2016, after falling 42.9% in 2015 from 72,100 tonnes per annum to 41,200 per annum. Nevertheless, projects...


More than 100 delegates from 18 countries converged in Muscat in October 2017 for the country’s second annual international conference of mining investors and service providers. The growing interest in the conference is testament to both the great potential of the country’s mining and quarrying sectors, and of the priority accorded to the...


Growth in Oman’s industrial and retail sectors has been affected by reduced global oil prices and weaker consumer sentiment, denting spending and forcing some companies in heavy industry to defer growth and investment programmes. However, the impact of the costs borne by the sultanate’s manufacturers was offset somewhat in 2017 by the rise in...

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