Oman looks to build mining sector to kick-start economy

Oman looks to build mining sector to kick-start economy

The Mining and minerals industry in Oman offers great potential, which can be utilized effectively. Recently, the Oman’s mining industry appears to be on a steady growth with production of minerals growing by nearly 20 per cent in the last year.The Oman is set to declare new mining regulations, which is drafted by the Public Authority for Mining (PAM), in this year.The country’s mining industry will be made more attractive for the investors and will be developed to export more metals and extracted minerals.The director general of Research and Geological Surveys, Ali Al Rajahi said, “We are expecting to have the law passed by mid of this year. The law will focus on several areas, which include developing the local community and environment of mining. A very important factor is changing the people’s mentality towards mining sector. We will work to help local communities develop through mining activities….”Oman’s mining sector foresees remarkable growth in the next few years, which will significantly kick start mining activities and attract investment to the Sultanate.The aim of the new mining regulation is to facilitate opportunities for local as well as foreign investors utilizing the country’s mineral resources, tap new sources of income and secure employment for as many Omani citizens as possible in the mining industry.

Due to the impetuous development of mining industries in Oman, demand of mining spare parts of industries is highly increased.SCION INDUSTRIAL ENGINEERING PRIVATE LIMITED, supplying company is committed to providing spare parts service, dedicated to maximizing equipment availability and optimizing operational performance in the growth of mining opportunities in Oman.SCION INDUSTRIAL ENGINEERING PRIVATE LIMITED has always strived to create a leading brand and the most valuable brand of global mining machines with strong production capacity as development foundation, perfect research power as quality guarantee and excellent service systems as brand extension.The mining industry contributes to GDP, it also acts as the catalyst for the growth for other core industries like power, steel, cement, etc. for the overall development of the economy.

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