ITA - US D 3.2 Billion the industrial investment size in Oman:
GOIC Conducts a Workshop on Industrial Clusters
June 19, 2007

The Gulf Organization for Industrial Consulting (GOIC) in cooperation with The Ministry of Commerce & Industry in the Sultanate of Oman conduct on August 26 th, 2007, a workshop, the first of its kind, on developing industrial clusters in the GCC. The three-day workshop will be held in Salalah, and it targets developing industrial clusters by means of benefiting from the experiences of the developed countries. The workshop will also discuss the challenges and opportunities relating to developing those clusters in the region with the participation of specialized experts in the field of developing industrial clusters in the developing countries.

This workshop is one result of the awareness of industry stakeholders in the Sultanate of Oman of the importance of the private sector and its role in increasing the Gross Domestic Product (GDP) of the Sultanate. And it also comes within the program of reinforcing the cooperation and coordination amongst the working clusters. The program targets decision and policies makers at executive level in the industrial institutions.

It is worth mentioning that the number of factories in GCC reached some 10431 in 2006, investing around US D 118.3 billions , and 816 000 workmen. The number of factories in the Petrochemicals sector alone is 2043 factory, investing around US D 70 billions, with 136000 workmen. In its turn, the Sultanate of Oman has 1019 factories, with an investment estimated to some US D 3.2 millions, and 44300 workmen.