Category: Industry

ECONOMY
PDO 2
PDO signs research and development deals with Omani universities

Petroleum Development Oman (PDO) has signed research and development agreements with Sohar and Al Sharqiyah Universities to help resolve some of its complex technical challenges. It is hoped the memorandums of understanding (MoUs) will help PDO further develop its competitive delivery by reducing costs, increasing production and reserves while operating in a safer and greener environment. […]

ECONOMY
Oma Budget
Total budget expenditure down by 5.8 per cent

Oman’s total budget expenditure fell by 5.8 per cent to RO12,908.2mn in 2016, according to the Central Bank of Oman’s (CBO’s) annual report. As the cut in expenditure fell short of the decline in revenues, the fiscal deficit stood at RO5,300mn in 2016, compared with RO4,361.4mn in 2015 (fiscal deficit as a percentage to GDP […]

Industry
raysut-cement-3q16-financial-results_
Raysut Cement to sell its stake in Oman Portuguese Cement Products

Raysut Cement is planning to sell its entire stake in Sohar-based Oman Portuguese Cement Products Co to Opal Development Co,  says the company in its first quarter financial report. Salalah-based Raysut Cement owns a 50 per cent shareholding in Oman Portuguese Cement from 2011. An extraordinary general meeting (EGM) of Raysut Cement shareholders scheduled for July 25 is […]

Industry
Pradeep Kumar Nair
Changing paradigms

Pradeep Kumar Nair, CEO of Sebacic Oman, talks about manufacturing sector’s role in Oman’s economic diversification and the potential of Duqm in redrawing the Sultanate’s industrial future   Manufacturing sector is a key plank in government of Oman’s economic diversification strategy. How are industries going to shape Oman’s economic future? Industrial growth is inevitable for […]

ECONOMY
Gert Hoefman
Retaining the competitive edge

                  Oman Cables Industry will continue to strive on a strategy framework that focuses on the creation of long term value to all stakeholders while ensuring sustainability in the operations. The company will remain vigilant and ensure that the winning recipe of supplying superior products with a […]

Industry
Hilal bin Hamad Al Hasani
Wooing investments

The Public Establishment for Industrial Estates aims to implement a number of vital projects. A master plan has been prepared for Sohar Industrial Estate, taking into account the current seven phases and the surrounding developments, says CEO, Hilal bin Hamad Al Hasani The Public Establishment for Industrial Estates (PEIE) is witnessing rapid growth giving a […]

Editor's Pick
Lee Chee Khian
Building Blocks of Sustainable Development

Lee Chee Khian, CEO of Special Economic Zone Authority at Duqm, talks about how the region is getting kitted out to attract foreign investors and emerge as Oman’s manufacturing hub How is manufacturing sector going to contribute to Oman’s future economic development? And how Duqm is going to be an enabler of this transition? Currently […]

Industry
S Gopalan
Staying Competitive

Reem Batteries and Power Appliances Company is currently in a consolidation mode and is working on improving its cost competitiveness. The company is aggressively pursuing renewable energy offerings for Oman and some African countries, says CEO S Gopalan                             Can you highlight […]

Industry
Nicholas P Barakat
Ahead of the curve

  Octal which accounts for 7.3 per cent of Oman’s total non-oil exports has sustained its growth momentum by raising production levels, expanding product ranges and adopting new technologies, says Nicholas P Barakat The government is putting its best efforts, through various incentives to promote foreign investments and to give the manufacturing sector the push […]

Industry
NA Ansari
Nerves of steel

NA Ansari, CEO of Jindal Shadeed Iron & Steel, talks about the potential of manufacturing sector in general, and steel industry in particular, to contribute to Oman’s economic diversification, and the key challenges facing the industries     As part of its diversification drive, the government is attracting foreign investments in free zones and special […]