Oman’s manufacturing industry set for continued growth

Oman creates products build up the strong reputation in World economic growth, the upcoming manufacturing and distribution sector is stimulating the economic development, creating employment, and improving living standards in the Sultanate. The Oman government introduced the plans to grow manufacturing and distribution to comprise up to 15% of the nation’s GDP by 2020, the industry sector has been conducting at full throttle. The initiative is part of Oman’s development Plan (2016-2020), and concentrated on manufacturing and distribution industry, tourism, transport and logistics, mining, and fisheries, agriculture, material industry, earth-moving industry. The manufacturing and distribution industry already appeared as a leading contributor to national GDP at USD6 billion in 2015, with the predictions by suggesting that the industry will cultivate  to a value of approximately USD9 billion by 2020. Oman be the most significant industry  excluding the production of oil, gas are the production of cement, production manufacturing materials, etc. through  the plants operate and function by the private companies . Oman has set up a number of special economic zones and industrial estates in Duqm, Sohar, AlMazunah and Salalah to encourage new manufacturing and suppliers industries and start-ups. The Free Trade Zones Authority, Oman declared that it would invest USD 450m in extending and developing the zones, which will involve expanding land plots and constructing warehouses, roads and staff accommodation. Ensuring that the success not only continues but also cultivate and exhibit exponentially are keys international partners and distinct government and private industry support.

Due to the growth and development of manufacturing industries in Oman, demand of spare parts are highly increased the company SCION INDUSTRIAL ENGINEERING PRIVATE LIMITED supplies the spare parts in the favorable price to the demanding industries.

The Ministry of Industry and Commerce, Oman as one of the prime sponsors for better infrastructure, in manufacturing sector, both smaller and larger players are set to see immense growth in coming years. In an interview with TBY, NaushadAkhter Ansari, CEO of Jindal Shadeed Iron & Steel, said, “Support from the ministry is one of the big advantages in Oman. Sweets of Oman head Balakrishna declares, “Manufacturing has been growing in Oman, even though as a percentage it is not large because of the dominance of oil and gas. Manufacturing will continue to grow.”