Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Oman posts non-oil exports of RO3.8bn in 2013  Join our daily free Newsletter

MENAFN - Muscat Daily - 05/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) The sultanate posted total non-oil exports of RO3.8bn in 2013, a growth of nearly six per cent from RO3.59bn in the previous year.


With increased focus on the African markets and the neighbouring Arab countries, the Public Authority for Investment Promotion and Export Development (Paiped) has set a target of 15 per cent growth in non-oil exports in 2014.


The growth in non-oil exports in 2013 was mainly driven by exports to neighbouring countries UAE and Saudi Arabia. Non-oil exports to the UAE rose 19.6 per cent to RO658mn in 2013, while non-oil exports to Saudi Arabia jumped 64.5 per cent to RO542mn, statistics released on Thursday by the National Center for Statistics and Information (NCSI) showed.


The statistics also showed that Pakistan emerged as one of the biggest buyers for Omani non-oil products, with non-oil exports to Pakistan increasing by 30 per cent to RO282mn in 2013. Exports to India and China, however, decreased by 32 per cent and 21.5 per cent to RO416mn and RO217mn, respectively, in 2013.


''The UAE and Saudi Arabia have been one of the premier markets for Oman's non-oil exports in 2013. Our target is to increase non-oil exports by 15 per cent in 2014 by focusing on different countries,'' said Emaad Khamis al Shukaili, director of  export facilitation at Paiped.


He said, ''This year we are focusing on some African countries, starting from Ethiopia, West Africa, East Africa and Tanzania. We also need to utilise Greater Arab Free Trade Area (Gafta) and focus on neighbouring Arab countries by organising exhibitions and matchmaking meetings.''


Shukaili said that Omani exports to the US decreased in 2013 due to a number of factors, of which the anti-dumping duty issue related to Omani steel pipes was the main reason. ''However, the anti-dumping issue was resolved, but the recovery in exports to the US remained slow last year. I think we need to concentrate more on the Oman-US free trade agreement. Some of the export sectors have truly benefited from the FTA, but others such as garments and steel are still not benefiting.''


He added that non-oil exports to the EU countries were approximately RO347mn in 2013.


According to NCSI statistics, the total exports of mineral products grew by 27.6 per cent to RO1.28bn in 2013, accounting for 33 per cent of Oman's total non-oil exports. The export of plastic and rubber products increased by 14.4 per cent to RO289mn, while the export of chemical products decreased by 25.6 per cent to RO800mn.


Shukaili said that the export of steel products, polypropylene, food, marble and stone products have seen good growth in recent years. ''We also need to find some support services for the pharmaceutical sector, as it is a newly born sector in Oman and it needs support services from Paiped, the Oman Chamber of Commerce and Industry and the Ministry of Commerce and Industry in order to grow exports,'' Shukaili ad

 


Muscat Daily




  MENA News Headlines
 Oct 2 2014 - HH the Emir Issues Decision on Al Ruwais PortQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al Thani issued Thursday Emiri decision no. 76 for 2014 Qatar Al Ruwais Port. The decision was regarding the allocation of the areas needed for the ...

 Oct 2 2014 - KOC Plans to Reach 3.5 bln Cubic Feet of Gas Production by 2030Qatar News Agency
(MENAFN - QNA) Deputy Chief Executive Officer (CEO) for gas exploration in the Kuwait Oil Company (KOC) Menahi Al-Enezi said the company has worked to implement a range of future projects to raise ...

 Oct 2 2014 - Qatar Stock Exchange Gains 72.35 PointsQatar News Agency
(MENAFN - QNA) Qatar Stock Exchange index gained 72.35 points (+0.53%) ahead of Eid Al Adha holidays when the bourse closed trading at 13,830.90 points here Thursday. The trading value increased to ...

 Oct 2 2014 - QSE Index Declines 44.07 Points This WeekQatar News Agency
(MENAFN - QNA) Qatar Stock Exchange index declined 44.07 points (-0.32%) this week when the bourse closed at 13,830.90 points Thursday. The trading value of QR 2,743,186,035.05 is an increase by ...

 Oct 2 2014 - Culture Minister heads to Paris to Attend Qatar Prix de l'Arc de TriompheQatar News Agency
(MENAFN - QNA) HE the Minister of Culture Arts and Heritage Dr. Hamad Abdulaziz Al-Kuwari, on Thursday headed to Paris to attend the Qatar Prix de l'Arc de Triomphe, which is witnessing Qatari ...

 Oct 2 2014 - Summary of Local News ReleasedWednesdayQatar News Agency
(MENAFN - QNA) A summary of local news released Wednesday by Qatar News Agency. - HH the Emir Sheikh Tamim bin Hamad Al-Thani sent Wednesday a cable of congratulations to President of the Republic ...

 Oct 2 2014 - Lebanese Minister: Setting Camps for Displaced Syrians in Lebanon out of DiscussionsQatar News Agency
(MENAFN - QNA) Lebanese Social Affairs Minister Rashid Derbas stressed on Thursday that the cabinet is destined to achieve solidarity and overcome disagreements. Derbas told (Voice of Lebanon) ...

 Oct 2 2014 - Egyptian Authorities Shutdown Rafah Border CrossingQatar News Agency
(MENAFN - QNA) The Egyptian authorities decided Thursday to shutdown Rafah border crossing between the Gaza Strip and Egypt. Rafah border crossing will be shut down as of Friday October 3rd until ...

 Oct 2 2014 - Fakeih: No MERS cases in MakkahArab News
(MENAFN - Arab News) No cases of the Middle East Respiratory Syndrome coronavirus (MERS-CoV) have been reported among pilgrims in Makkah said Acting Health Minister Adel Fakeih after inspecting ...

 Oct 2 2014 - Markaz 37th anniversary campaign starts in RiyadhArab News
(MENAFN - Arab News) The Jamia Markaz of Kerala which plays an important role in promoting Islamic education in the south Indian state of Kerala will celebrate its 37th anniversary on Dec. 18 to ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help