Located in the south-eastern quarter of the Arabian Peninsula, Oman is the only member of the GCC situated outside of the Gulf. Leveraging its strategic location, Oman has invested in infrastructure with the goal of becoming a global logistics centre. While the country is less hydrocarbons-rich than its GCC neighbours, diversification efforts...
As Oman enters its 48th year of renaissance, we hope to see its sustained development continue. In recent years we have witnessed, through the implementation of various plans and programmes, the accomplishment of those goals which we have had our sights set on since the dawn of our new era. These achievements are inspired by our fundamental...
Arab states are China’s important partners in following the peaceful development path, strengthening unity and cooperation among developing countries and establishing a new type of international relations, with win-win cooperation at its core. China has always approached China-Arab relations strategically. It is China’s long-held diplomatic...
Oman’s oil output fell by 3.7% year-on-year (y-o-y) in the first 10 months of 2017, with production averaging 970,000 barrels per day (bpd), down from 1m bpd in the same period of 2016. However, an improvement in average prices saw oil earnings rise by 32%, according to the National Centre for Statistics and Information.
There are approximately $2bn worth of public-private partnerships (PPPs) in the planning or implementation phase in Oman, according to research by Middle East Economic Digest published in October 2017. The sultanate pioneered the regional development and use of such projects in the utilities sector in particular, and PPPs now account for the...
From the late 1990s until 2014 Oman’s fiscal balance had consistently remained in positive territory, according to IMF figures, with the sole exception of a small deficit of 0.3% of GDP registered in 2009. However, amid a decline in international oil prices towards the end of 2014, public finances moved into the red for the year, to the tune...
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