Cover of The Report: Oman 2013

The Report: Oman 2013

At the base of the Arabian Peninsula, occupying a landmass slightly larger than Italy, Oman is the largest country in the GCC after Saudi Arabia. In recent years, the non-OPEC oil exporter’s economy has been undergoing a steady transformation, reorienting from oil toward a more diverse set of service and industry-based economic activities. So far, progress has been promising. In 2011 oil and gas accounted for 38.8% GDP.

With the continuation of higher-than-expected energy prices in 2012, the government has increased economic investments accordingly. These investments, which include infrastructure, social programmes and small-business development, are aimed toward better preparing the country for its post-fossil-fuel future. Over the past 35 years, Oman’s long-term economic agenda has been outlined by a series of five-year development plans, the eighth of which was announced in January 2011 for the period covering 2011 to 2015.

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