Oman
November 2020

Following a sharp contraction in 2020 on account of low oil prices and disruptions from Covid-19, Oman’s economy is anticipated to make a positive recovery over the next two years, buoyed by a boost in local consumption and the introduction of Value-Added Tax (VAT), according to the World Bank.






November 2020

Construction work is set to begin on Oman’s largest integrated cement manufacturing facility with an investment of $435 million in the Special Economic Zone (SEZ) at Duqm. Duqm Cement Projects International (DCPI) is developing the project plant with a capacity of 3.






November 2020

Total investments at the Sur Industrial City in Oman have surpassed RO2.045 billion ($5.31 billion) until mid-2020, marking a growth rate of 0.67 per cent compared to the same period in 2019.






November 2020

Oman-based Makhazen Logistics Company has signed an agreement with Nafith Logistics Services to manage and operate an integrated electronic system related to road freight transportation services.






November 2020

Oman’s strong commitment to diversification, which began in 2014, has seen the Sultanate’s non-oil sector record an average real GDP growth rate of 7 per cent since the turn of the century.






Tags