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By regional standards, Oman has a relatively diversified economy, but remains dependent on oil exports. Tourism is the fastest-growing industry in Oman. Other sources of income, agriculture and industry, are small in comparison and account for less than 1% of the country's exports, but diversification is seen as a priority by the government.
The following table lists the largest biotechnology and pharmaceutical companies ranked by revenue in billion USD. The change column indicates the company's relative position in this list compared to its relative position in the preceding year; i.e., an increase would be moving closer to rank 1 and vice versa.
This listing is limited to those independent companies and subsidiaries notable enough to have their own articles in Wikipedia. Both going concerns and defunct firms are included, as well as firms that were part of the pharmaceutical industry at some time in their existence, provided they were engaged in the production of human (as opposed to veterinary) therapeutics.
In 2003, Oman Oil Marketing Company (Oman Oil) was founded. [4] Oman Trading International, a trading division, was established in 2006. [4] Oman Refineries and Petrochemicals Co. was created in 2007 with the merger of Oman Refinery Company and Sohar Refinery Company. [4] In 2009, Oman Oil Company Exploration & Production was founded. [4]
Julphar was established in 1980. The company obtained Ministry of Health approval for its first 30 products four years later and began manufacturing liquids and semi-solids in 1988. In 1990, distribution agents were established in key markets across the globe and work began on the construction of new manufacturing facilities in Ras Al Khaimah.
As of 2019, VPS Healthcare owns 22 hospitals which are operational in UAE, Oman and India: [5] [6] LLH Hospital – Abu Dhabi (2007) LLH Hospital – Mussaffa (2008) Lifeline Hospital, Sohar, Oman (2011) Life Care Hospital, Baniyas, Abu Dhabi (2012) Burjeel Hospital, Abu Dhabi (2012) Burjeel Hospital for Advanced Surgery, Dubai (2013)
The following is a list of the world's largest manufacturing companies, ordered by revenue in millions of U.S. dollars according to the Fortune Global 500. Currently the 50 biggest companies by revenue are included.
Toledo Pharmacal Company from Toledo, Ohio seen in 1905. Pharmaceutical manufacturing is the process of industrial-scale synthesis of pharmaceutical drugs as part of the pharmaceutical industry. The process of drug manufacturing can be broken down into a series of unit operations, such as milling, granulation, coating, tablet pressing, and others.
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