Oman Economy Infographic 2016: 4 Pillars of Economic Growth
31 Jan 2016
Even as the sultanate's oil production rises, Oman is looking to grow other sectors of the economy, namely, transport infrastructure, the services segment and manufacturing, to offset a decline in oil income.
- Energy: Production Resurgence - Careful custodianship and international partnership have seen oil output hit new records in recent years.
- Transport: Becoming a Global Logistics Player - The government has identified transport and logistics as a priority area with considerable potential for growth.
- Manufacturing: Biggest Slice of the Industrial Pie - The largest share of non-petroleum industry is taken up by manufacturing, though growth in recent years has been slow.
- Services: Leading the Way in Non-Oil Growth - The services sector dominated non-oil GDP in 2014, accounting for 40.7% of total economic activity.
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