Interview: Ahmed Akaak
To what extent can infrastructure development attract and sustain industrial investment?
AHMED AKAAK: Globally competitive infrastructure is essential to attracting and sustaining industrial investment in Oman’s economic zones. For example, critical assets at Duqm include the multipurpose fisheries port, which features dedicated fisheries industrial complex housing processing factories and a canning plant. Oman also has advanced industrial facilities, zones for petrochemicals processes and utilities that support large-scale petrochemicals operations.
Duqm Port and the Asyad Dock offer ship repair, maintenance and maritime transport services. The comprehensive network of roads and highways, along with airports and air cargo terminals, position Oman as a multi-modal logistics centre. On average, shipping times in Oman are 30-40% shorter than those of competing locations. Oman also has the fastest import and export compliance times in the Gulf, according to the World Bank. The combination of natural resources, strategic location, robust government support and competitive incentives make Oman a key industrial centre and gateway to global trade.
How do you view the potential for renewable energy projects to boost industrial sector growth?
AKAAK: Oman’s renewable energy has substantial potential to support industrial growth. The country has been identified as a future renewable superpower with strong prospects for green hydrogen. The export-oriented HYPORT Duqm, a green hydrogen and ammonia plant, is set to be a key producer and exporter of zero-carbon fuels, contributing to the country’s goal of producing at least 1m tonnes of green hydrogen annually by 2030.
The market for renewable energy components, parts and systems in Oman is poised to be one of the largest globally. This includes the manufacturing and servicing of solar panels, wind turbines and electrolysers. Downstream investment from key producers in areas such as low-CO₂ steel manufacturing demonstrate the potential for associated industries.
Where do you see a place for technology to improve productivity in the industrial sector?
AKAAK: Technological innovation is crucial for driving productivity and future growth in Oman’s industrial sector. Duqm Refinery utilises advanced technologies to enhance efficiency, while HYPORT Duqm employs advanced electrolysis powered by solar and wind for efficient hydrogen generation. Duqm Port, equipped with modern logistics and warehousing facilities, streamlines cargo operations with automated systems and real-time tracking.
Innovation is also a core focus for the logistics sector, with efforts being made to explore artificial intelligence (AI), automation and drone technology. Government-backed initiatives offer key opportunities in satellite manufacturing, data and communications services, AI and beyond.
What role does human capital development play in the success of Oman’s industrial sector?
AKAAK: Human capital development is essential for the success of the industrial sector. Oman has a well-educated, skilled and multilingual workforce. Ensuring access to skilled talent is crucial, particularly in emerging sectors like sustainable energy. This involves preparing skills demand analyses, and providing vocational training programmes and internationally recognised certifications.
It is of crucial importance to promote the diversity and vibrancy of the manufacturing sector and its role in the green economy. Collaboration between industry players and academia, as well as internships, apprenticeships and outreach initiatives, will help align educational programmes with wider industry needs, thereby attracting young talent to the sector.
