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In H1 2024, the Salalah Free Zone added 13 projects in frankincense, packaging, air conditioning, and textiles
Bank credit to the private sector rose by 3.4 percent to OMR26.3 billion
Agreement facilitates the expansion of production rates through the resources of the 1,389 square km area
The agency also retained its (P)Ba1 rating for the Government of Oman’s senior unsecured medium-term note program
Arab oil made up 97.8 percent of Japan's imports, totaling 61.92 million barrels
The total value of sales contracts reached OMR631.3 million during this period
Year-over-year, the growth was robust at 9.2 percent compared to Q2 2023
Number of passengers traveling through Oman's Muscat International Airport reached 7,571,148 by the end of July 2024
Oman's 10th Five-Year Plan aims to boost manufacturing's GDP contribution from 10 percent to 12.2 percent by 2025
A 78,000 square meter residential project is being planned and will be open for investment soon
Oman's commodity exports rose 5 percent YoY, reaching $25.16 billion during this period
Robust infrastructure, strategic location vital to the growth of the industry and the region’s economy
The public sector has seen 6,963 individuals employed, representing 69.63 percent of the 10,000 target
The number of properties registered to GCC citizens surged by 5.2 percent to 666, compared to 633 in 2023
The proposed agreement aims to enhance cooperation, streamline investment regulations, and create new jobs
LNG production trains allow the government to improve operational efficiency, maximize the use of existing facilities
The prohibition covers both biodegradable and non-biodegradable plastics
The interest rate on the bills' repurchase operations with the Oman central bank is 6 percent
Crude petroleum activities declined by 3.3 percent, recording OMR2.55 billion
The number of European hotel guests in Oman surged by 19.6 percent to 286,980
The value of the 28-day maturity treasury bills allocated was $38.97 million
This growth was driven by a surge in non-oil activities, which recorded a value of OMR7.18 billion
Oman's tech investments, automation, and supply chain consolidation have driven economic improvement
In a list of 311 cities, Abu Dhabi has ranked highest on the safety index (88.2) and lowest on the crime index (11.8)
