At a time when the country is taking enterprising
initiatives to develop a buoyant non-oil sector economy, it’s obvious that
international investors will receive high priority in the Sultanate. In the country's
farsighted programmes where the private sector is a significant factor in mainline
growth, the contribution of the manufacturing sector has been specially prioritised
for economic diversification. It is envisaged that this sector will contribute
about 15% to the national economy in the next two decades. At present Oman exports
to over 60 countries and this growth in manufacturing will provide a new thrust
to its export activities.
The Sixth Five Year Plan (2001-2005) aims
at achieving economic diversification and the targeted
growth of non-oil sector is 5.2 % per annum. The government
encourages local and foreign investment with a particular
focus on natural gas related projects and production
facilities for value added products.
Specific projects, Major
projects with promising business potential has been identified by various ministries
and other organisations and these include:
Oil &
Gas Sector
Calcinised Petroleum Coke
Polypropylene
Linear Alkyl benzene
Lube Oil
Asphalt
Oil Well Chemicals
Oil Well Pipelines
Pharmaceuticals & Chemicals
Pharmaceuticals
projects including injections and solutions
