Transportation Projects Will Boost Oman Income

Oman is focusing on developing its dilapidating railways and ports to become globally-competitive and further help increase the country’s income. Omani ports can be linked with other Gulf Cooperation Council (GCC) countries and will help integrate the transport system between these countries as an integrated system.

Transport and Communications Minister Doctor Ahmed Mohammed Salim al-Futaisi said that the focus of Oman’s train network will make the transport industry a crucial resource for Oman. Becoming the gateway for the GCC in terms of transporting goods and services, Oman’s profits could increase with better activity in the service industry.

Oman Air may also contribute to the services industry as it opens in the new Omani regional airport at Duqm. The airlines had promised four weekly flights.

Meanwhile, Savannah Resources Plc has acquired interests in the Block 5 and 6 of Oman’s copper projects. The mutli-commodity exploration and development company uses the acquisitions as part of its growth strategy for its own company, and Oman’s enrichment as well.

Copper mining may be the best next industry for Oman as copper supply in the world is increasingly disrupted by mining troubles, decreased investor interest and high costs for major copper-producing countries.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>