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FINANCIAL NEWS
Oman mineral industry set to boost
19 Aug 2013
(MENAFN) The Metal Bulletin and Industrial Minerals Events in London said that industrial minerals mining in Oman is expected to surge.
According to the Sultanate’s Ministry of Information, the contribution to gross domestic product (GDP) from the mining and mineral sector jumped from USD257 million in 2011 to USD262 million in 2012. Its contribution in 2010 was at USD237.5 million and in 2009 USD214.1 million, Saudi Gazette reported.
The mining sector in Oman lured a large number of investors and is considered a primary industry as its contribution to the Oman’s economy is immense.
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