Industry
From The Report: Oman 2015
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Vision 2020’s economic diversification mandate has seen Oman’s industrial segment expand rapidly in recent years, with the non-oil sector expanding by 7.6% in 2013. The strong growth being witnessed in the petrochemicals, aluminium, steel and mining segments is expected to continue with government investment in the industrial sector projected to reach $517.88m between 2014 and 2020. Sohar, with its host of new infrastructure and raw production projects completed in recent years, is set to become Oman’s dominant industrial hub. The petrochemicals segment is also poised for strong development with total investment reaching $16.59bn in 2013. Efforts to revitalise the mining segment hold great potential, as the introduction of new legislation aimed at increasing value-added and reducing raw exports is expected to provide a major boost to the sector. This chapter contains an interview with Hilal bin Hamad Al Hasani, CEO, Public Establishment for Industrial Estates (PEIE).

Articles from this Chapter

Overview

A strong focus on value-added manufacturing and processing projects
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Vision 2020’s economic diversification mandate has seen Oman’s industrial segment expand rapidly in recent years. Offering a prime geographical position situated at the crossroads of world trade routes, an abundance of natural resources, and government incentives for foreign industrial investors, the sultanate’s industrial sector is one of the most business friendly in the GCC today. The petrochemicals, aluminium, steel and mining segments are witnessing strong growth as a result of new and…

Interview

Hilal bin Hamad Al Hasani, CEO, Public Establishment for Industrial Estates (PEIE): Interview
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Interview:Hilal bin Hamad Al Hasani What is the PEIE’s strategy for addressing the growing demand for industrial land and infrastructure? HILAL BIN HAMAD AL HASANI: The PEIE is continuing its growth and expansion operations, both on existing estates and on new ones. The Al Mudhaibi Industrial Estate is currently under construction and we are targeting other locations, such as those owned by Petroleum Development Oman in Marmul and Fahud and a new estate in Thumrait in the Dhofar governorate…

Analysis

Major government investment aimed at industrialising the economy
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As Oman ramps up oil production and strives to reduce raw exports and bolster its downstream hydrocarbons sector, the petrochemicals industry is poised for strong expansion in the coming years. The government is pouring billions of dollars into the sector in an effort to industrialise the economy, improve value addition and create jobs, with a host of new projects in Sohar and Salalah now in the pipeline. Overview Petrochemicals developments in Oman are largely concentrated in Salalah and Sohar.…

Analysis

Efforts to revitalise the mining industry hold great potential
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Mining activities in Oman are set to increase considerably in the coming years, following the discovery of significant reserves of mineable minerals, including gold, copper and rare earths. The government has recently moved to create a sustainable growth path for the industry, introducing new legislation aimed at increasing value addition and reducing raw exports. While these measures may create short-term growing pains for the industry, the long-term results of efforts to build Oman’s domestic…