Industry & Retail
From The Report: Oman 2017
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The sultanate’s ninth five-year plan, covering 2016-20, is the final component of the government’s long-term Vision 2020 development strategy, and is focused on reducing reliance on the energy sector’s contribution to GDP, while boosting non-petroleum industrial activities such as mining and quarrying, manufacturing, and building and construction. These together accounted for OR5.33bn ($13.8bn), or 19.8% of GDP, in 2015, a share expected to grow to 29% by the end of the decade, even though the sector faces rising pressure from reduced state spending and the ongoing economic downturn in 2015-16. This chapter contains an interview with Hilal bin Hamad Al Hasani, CEO, Public Establishment for Industrial Estates.

Articles from this Chapter

Overview

Moving forward: Regulatory reform and infrastructure development are expected to attract investor interest
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In January 2016 the Oman Supreme Council for Planning published the sultanate’s ninth five-year plan, covering 2016 to 2020. The plan is the final component of the government’s long-term Vision 2020 development strategy, focused on reducing reliance on the energy sector’s contribution to GDP and boosting non-petroleum industrial activities such as mining and quarrying, manufacturing, and building and construction. Diversification According to data from the National Centre for Statistics…

Interview

Paving the way: Hilal bin Hamad Al Hasani, CEO, Public Establishment for Industrial Estates (PEIE), on improving the investment climate
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Interview: Hilal bin Hamad Al Hasani To what extent can Oman increase its competitiveness and attractiveness for investors? HILAL BIN HAMAD AL HASANI: Oman has already taken a large number of important steps to improve its position as an attractive investment destination. The county’s position in this regard has been strengthened by its strategic location, the significant investments it has made in infrastructure and logistics over the years, as well as its political and economic stability. Low…

Analysis

Promising opportunities: A rise in new retail space has put the sultanate on the map for development of shopping centres
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Despite the impact of the oil price downturn, the sultanate remains an attractive proposition for GCC-focused retailers and international brands. Compared to neighbouring markets in the UAE, Kuwait and Qatar, the retail footprint in Oman is less formalised and growing from a smaller base. Retail space per capita is the lowest in the GCC at 0.09 sq metres of gross leasable area (GLA), and there are promising opportunities for expansion. New Developments With more than 100,000 sq metres of new retail…