Oman’s GDP at current market prices stood at OR31.45bn ($81.4bn) in 2014, up 4.6% on 2013, according to the Central Bank of Oman. However, the drop in global oil prices has put significant pressure on Oman’s GDP expansion. To address this, and indeed to pave the way for a non-oil future, various diversification strategies have been put in place that aim to reduce the county’s reliance on...
The Middle East Economy
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Chapter | Country Profile from The Report: Oman 2016
Oman, located on the south-eastern end of the Arabian Peninsula, is the only member of the GCC located outside the gulf. Leveraging its strategic location on the Strait of Hormuz, the government is ramping up infrastructure investment in line with the sultanate’s goal of establishing itself as a global logistics centre. Oman Vision 2020, the country’s long-term development plan, emphasizes the...
Oman’s long history of political stability coupled with its favorable international trade agreements and special economic zones has ensured strong growth in economic output and exports in recent years. The fall in global prices is undoubtedly a concern for the sultanate, but the sustained focus on diversification schemes, as well as the country’s ongoing spending commitments on big-ticket projects should ensure steady growth moving forward.
Articles & Analysis | Useful numbers in Oman from The Report: Oman 2016
Agriculture & Fisheries (24) 696 300 Authority for Electricity Regulation (24) 609 700 Awqaf & Religious Affairs (24) 644 999 Capital Market Authority (24) 823 100 Central Bank of Oman (24) 777 777 Civil Services (24) 689 999 Commerce & Industry (24) 873 900 Defence (24) 312 605 Diwan of Royal Court (24) 742 000 Education (24) 773...
Articles & Analysis | Facts and important information for visitors to Oman from The Report: Oman 2016
LANGUAGE: Similar to other GCC member states, Arabic is the official language of Oman, although English is widely spoken and understood. Using English to get around or conduct business in the capital, Muscat, or other hubs such as Sohar or Salalah, is relatively easy. Locals do appreciate the...
Articles & Analysis | Oman hotel and services from The Report: Oman 2016
CRYSTAL SUITES P.O. Box 566 Wadi Al Kabir T: +968 2482 6100 F: +968 2482 6116 info@crystalsuites.om www.crystalsuites.om Rooms: 75 well-furnished suites, including family, executive, junior and business suites. Business & Conference Facilities: All essential facilities, high-speed Wi-Fi, business centre, LCD projector/screen, audio-visual...