Category: ECONOMY

The tracks of growth

The first contract for the ambitious, 2,244-kilometre national railway project will be awarded by the end of 2014 and a section of the project is expected to become operational by 2018 .

Lean Thinking is the solution

Lean thinking which has spread geographically from East Asia to North America over the last half century, is now rapidly developing economies dealing with wage inflation and the challenges of high growth rates.

Linking Oman to the world

Oman’s recent trade growth can be attributed largely to the expansion of the hydrocarbons sector, which has accounted for more than 70 per cent of total exports in recent years

Heritage’s unfair ranking

The 2013 Index of Economic Freedom by the Heritage Foundation ignores the fact that public sector is essential during the struggling times, as demonstrated by the European sovereign debt crisis.

Expanding the private sector

Government’s readiness to increase its spending and financial support for the SME sector will enable the private sector to play a bigger role in driving economic growth and creating jobs.

Transforming the Primary Sector

During 2010-11 the government has invested over $360mn towards modern systems of irrigation, directed at changing patterns and methods of traditional farming, introducing greenhouses and other new farming technologies with a view to increasing yields.