Oman Plans to Boost Economic Growth by 2020, an Industrial Info Market Brief

Despite a slowdown in economic growth in 2018-19, Oman hopes to increase growth by 6% in 2020. Gulf countries that are dependent on the energy sector are now distributing capital on non-energy sectors too.

Big ports like Sohar, Duqm and Salalah are becoming major sea trade and transshipment hubs. Many new, redevelopment and expansion plans are in the pipeline for multiple projects like fishing harbors, warehouses and logistics parks and data centers. Industrial Info is tracking 67 Industrial Manufacturing projects in Oman worth $3.58 billion.