Oman Economy Infographic 2016: 4 Pillars of Economic Growth

31 Jan 2016

Oliver Cornock, OBG Middle East Managing Editor

Oliver Cornock
Middle East Managing Editor
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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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The Middle East Oman Energy Industry Transport

Oliver Cornock, OBG Middle East Managing Editor

Oliver Cornock
Middle East Managing Editor
Follow Oliver on Twitter LinkedIn