Oman Wanfang News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Duqm to be the main pillar of Oman’s economy Saleh Al Shaibany SHARE SALEH AL SHAIBANY - saleh_shaibani@yahoo.com - The now sprawling town of Duqm is spearheading the diversification of the Omani economy away from the reliance of oil revenues with new multi-million rial projects. The government is revamping its ports infrastructure from Muscat to Duqm, Suhar and Salalah, to adapt them for tourism but more importantly to increase industrial production and exports, and to exploit the country’s strategic location to create a hub for international shipping. Regional powers...

Chinese investments in Duqm SEZ under detailed design 1123551 SHARE All 10 industrial and petrochemical projects earmarked for development at the China-Oman Industrial Park in the Duqm Special Economic Zone (SEZ) are currently under detailed design, according to the head of the consortium overseeing the implementation of the ambitious hub. Ali Shah (pictured), CEO of Wanfang LLC, said the design of the projects — which include a mega methanol and methanol-to-olefins (MTO) scheme, major power plant, world-scale solar equipment manufacturing facility, oilfield goods and pi...

Ningxia Governor receives SEZAD Chairman 1104582 SHARE MUSCAT, SEPT 9 - Xian Hui, Governor of the Ningxia Autonomous Region, received at the weekend Yahya bin Said al Jabri, Chairman of the Special Economic Zone Authority in Duqm (SEZAD), and his accompanying delegation, who are currently visiting China as part of the Sultanate’s participation in the China-Arab Expo and ‘Invest in Duqm’ roadshow organised by SEZAD in three Chinese cities. During the meeting, the Governor of Ningxia hailed Oman’s efforts to clear the decks for the speedy implementation of Chinese pr...

Sultanate’s real estate market to stabilise in 2018 1143395 SHARE Oman’s GDP growth is expected to rise to 5.2 per cent next year, aided by the introduction of natural gas production at the Khazzan gas field and the opening of the new airport in Muscat. This will mark the strongest rate of expansion since 2015 and, in turn, should filter down to help steady the country’s property market, according to leading international real estate consultancy, Cluttons. The Cluttons Muscat Winter 2017/18 Property Market Outlook indicates that Oman’s economy, like many of its Gul...