Oman is currently investing over 9.3 billion dollars in the Sahar Industrial Park, located 200 kilometers from Muscat.
Minister of the National Economy Ahmad Abdulnabi told KUNA that a number of gas-based projects are taking place in the Park including a steel mill. He further said Oman has amended several laws to easily accommodate foreign investors ahead of the country joining the WTO. Some of these laws address utilities and taxes, he said.
Furthermore, he indicated that large-scale projects such as those undertaken in the Sahar Park aim at incorporating the latest technologies in the overall efforts to industrialize the economy.
These large projects, he added, are liable to generate spin-offs of smaller scale which can provide employment and bring diversification to the national economy as a whole.
