New investment is expected to help Oman sustain expansion of its manufacturing sector, which has established itself as a leading component of the economy on the back of strong recent growth.
Oman
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Oman is strengthening its maritime cargo-handling capacity and support services through a series of new investments, reinforcing its credentials as a regional logistics hub.
Economic update | Sound monetary policy supports liquidity, credit growth at Omani banks
31 Jul 2018
Prospects for Oman’s banking industry look positive, with recent IMF findings pointing to high capitalisation, low non-performing loans and strong liquidity buffers.
Rising transaction levels and stabilising rents suggest that Oman’s real estate sector could be in recovery, with future prospects bolstered by moves to facilitate property investment.
The expansion of a major gas project, the announcement of new finds and investment in downstream oil infrastructure are expected to support fresh growth in Oman’s energy sector.
The opening of the new Muscat International Airport (MCT), coupled with investments in hotel infrastructure, are expected to bring Oman closer to achieving its goal of more than doubling tourism’s contribution to GDP by 2040.