MUSCAT, NOV 17 – The Sultanate’s maiden Dry Port — an anchor project of Khazaen Economic City in South Al Batinah Governorate — will be a customs bonded facility complete with its own international port code, thereby serving as a ‘destination’ for import and export cargoes. https://www.omanobserver.om/omans-first-inland-port-to-be-a-customs-bonded-destination/

Muscat: Holidays on the occasion of 49th National Day in Oman has been announced for both the public and private sectors. Wednesday (November 27) and Thursday (November 28) will be holidays with work resuming on Sunday, December 1. https://www.omanobserver.om/national-day-holidays-announced-in-oman/

Omanisation rates have been increasing in three sectors in the sultanate – industrial, travel and tourism and logistics – the Ministry of Manpower (MoM) has stated. These sectors saw an eight per cent increase this year as compared to 2017. The ministry expects a further increase of 3.5 per cent…

The multibillion dollar petrochemicals complex envisaged downstream of the Duqm Refinery in Duqm’s Special Economic Zone (SEZ) will position the Sultanate as a leading producer of niche commodities for the global market, according to a key official of Oman Oil & Orpic Group, which is major investo https://www.omanobserver.om/duqm-project-to-put-oman-on-global-petrochemicals-map/

Public and private sector participants came together to share information and experiences on new instruments on trade facilitation that have been brought available recently to make international trade and logistics faster and cheaper for practitioners. https://www.omanobserver.om/oman-eases-customs-regulatory-restrictions-to-speed-up-trade-flows/

MUSCAT: His Majesty Sultan Qaboos on Monday issued 10 Royal Decrees. Royal Decree No 63/2019 on the establishment of Ministry of Technology and Communications. https://www.omanobserver.om/decrees-appoint-new-ministers/

Wholly government-owned Minerals Development Oman (MDO), which is rapidly emerging as one of the foremost players in the Sultanate’s mining and mineral processing sectors, has announced plans to develop a huge solar salt project at Mahout in Al Wusta Governorate. https://www.omanobserver.om/omans-mining-flagship-plans-mega-solar-salt-project/

Duqm is a nascent haven with a huge economic potential. It is currently bent on fulfilling this promise with a sprawling diverse blend of heavy and light industries; added to a petrochemical complex that is scheduled to come into being in 2021. https://www.omanobserver.om/duqm-a-fledgling-haven-in-the-desert/

Muscat: Foreign Direct Investment (FDI) in the Sultanate for the year 2018 stood at RO 10.56 billion, recording a growth of RO 1.36 billion from the same period of the previous year, according to the data issued by the National Centre for Statistics and Information (NCSI). https://www.omanobserver.om/fdi-hits-ro-10-56-billion-in-2018/

IRON HUB: Factory will produce 150,000 tonnes of steel products to be used to manufacture refrigerators, generators, panels and roofs SALALAH: The Salalah Free Zone (SFZ) has signed a usufruct agreement with steel industries plant, worth $500 million in gulf investment, with a 150,000 tonnes product https://www.omanobserver.om/500m-steel-plant-to-come-up-in-salalah/