The commercial industrial gases market in Oman is estimated to have generated revenues of $71 million in 2016. This is an increase from $19 million in 2006, indicating an average annual growth rate of 16.6% p.a.
Between 2006-2016, GDP in Oman grew by an average of 4.6% p.a. or 5.4% when adjusted for inflation. The economy has experienced good growth in this period and has not suffered any recessions, and was unaffected by the 2008-09 financial crisis.
Economic modernisation, the arrival of the multinationals, and the emergence of new industrial gas trends and technologies are driving change in the Middle East. What better time to explore the dynamics of the Iranian, Iraqi and GCC markets as part of a wider new industrial gas frontier?
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