Industry
From The Report: Oman 2019
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Oman’s industrial sector is a key pillar of its long-term development strategy, as well as a major employer and a steadily growing source of wealth. It covers a wide range of fields, including mining, petrochemicals, aluminium and organic beverages. The recent economic slowdown in both the country and the wider region still poses challenges. With much economic activity driven by government expenditure and investment, the sustained lows in oil and gas prices have strained margins in the private sector. Additionally, government policies related to employment and in-country value have sparked some debate. Nonetheless, Oman continues to offer a strong value proposition for businesses, and rising oil prices in the first half of 2018 bodes well for the future. This chapter contains an interview with Bader Al Nadabi, Vice-chairman and Co-founder, Al Sarh Group.

Articles from this Chapter

Overview

Solid foundation: Manufacturing is key in the drive towards diversification
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Oman’s industrial sector is a key pillar of its long-term development strategy, as well as a major employer and a steadily growing source of wealth. It covers a wide range of fields, including mining, petrochemicals, aluminium and organic beverages. The recent economic slowdown in both the country and the wider region still poses challenges. With much economic activity driven by government expenditure and investment, the sustained lows in oil and gas prices have strained margins in the…

Interview

Strong support: Bader Al Nadabi, Vice-chairman and Co-founder, Al Sarh Group, on increasing Omanisation and guiding policy changes
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Interview:Bader Al Nadabi How can Omanisation be increased and implementation improved in the construction sector? BADER AL NADABI: Omanisation is an important element of the economy, and Sultan Qaboos bin Said Al Said predicted the employment challenges that Omani youth would face. Though Omanisation policies have faced some social and economic hurdles, it is increasingly important that those policies be implemented, as they will help the economy meet its diversification goals established…

Analysis

Driving diversity: Industrial estates continue to grow, attracting investment and spurring employment
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Since 1983, when the sultanate opened its first industrial estate at Rusayl in Muscat, specialised zones for manufacturing, heavy and light industry, IT, chemicals and pharmaceuticals have flourished. These now form part of Oman’s overall economic strategy, as it diversifies away from hydrocarbons by boosting alternative sectors. Employment is also a goal of the estates, helping to find work for young Omanis and expats. Leading Role Oman’s main government body for managing its industrial…