Economy
APM Terminals, part of the A. P. Moller-Maersk Group of Denmark, manages the Port of Salalah; one of the largest ports on the Arabian Peninsula which is an important transshipment hub for container shipping in the area. The Port of Salalah is also one of the most vital ports on the peninsula connecting together Africa, the Middle East, and Asia. But the port is outside the city, to the south. It is also the largest private employer in the Dhofar region. The Salalah Free Zone, situated right beside the port, is emerging as a new center for heavy industries in the Middle East.
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Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)