Since 2014, the Omani Government has been expanding mining activity in the country. It launched the Public Authority for Mining under the Ministry of Commerce and Industry to regulate the mining sector, and Mining Development Oman (MDO) in January 2016 to strengthen private sector involvement and investment.
Oman is the second largest country after Saudi Arabia in the Gulf Cooperation Council region. The country has copper, gold, silver, chromite, lead, nickel, manganese and zinc mineral reserves. These reserves are undeveloped due to a preference for growing the oil sector.
As the government looks to diversify and move away from dependence on oil revenue and to create jobs for Omani nationals, growth is anticipated in the mining sector following the discovery of significant reserves of minerals, including gold, copper and rare earths.