Oman has long been seeking to reduce its economy’s reliance on oil production. The sultanate’s long-term development strategy Vision 2020 aims to reduce oil’s share of GDP to 9% by 2020 by growing other sectors. Diversification is also one of the main elements of the government’s ninth five-year development plan, which runs from 2016 to 2020...
Oman is a high-income country that has seen strong growth in economic output and exports in recent years. However, the economy is dominated by oil production, and the fall in international oil prices is putting pressure on GDP expansion as well as the sultanate’s fiscal and current account balances. In order to reduce the country’s exposure to...
Located in the south-eastern quarter of the Arabian Peninsula, Oman is the only member of the GCC situated outside of the Gulf. Leveraging on its strategic location, investments in infrastructure have focused on the goal of becoming a global logistics centre. While less hydrocarbons-rich than its GCC neighbours, diversification efforts are a...
One of the most important issues currently facing the Middle East is the changing composition of its demographic structure. A massive cohort of young people – known as a youth bulge – is challenging policy makers, with youth policy affecting security, education, the labour market and welfare programmes, among other areas. Given the relative...
Since Saudi Arabia began reducing its domestic wheat production in 2008, the issue of food security has been high on the agenda for GCC governments. The kingdom, which was once self-sufficient in the grain and even exported to the wider region, recognised a fact that is true across the whole of the Arabian Peninsula. It is running out of water...
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...
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