Country Profile
From The Report: Oman 2019
View in Online Reader

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. Diversification efforts are a driving force behind economic growth while infrastructure and transport works are boosting connectivity. The sultanate’s long-term development strategy, Oman Vision 2020, emphasises diversification, privatisation and Omanisation. As the final leg of Oman Vision 2020, the sultanate’s ninth five-year plan continues to drive the country towards social development, the economic diversification of many production sectors and the optimal utilisation of available natural resources. This chapter contains viewpoints from Sultan Qaboos bin Said Al Said and Christine Lagarde, Managing Director, IMF.

Articles from this Chapter

Overview

Desert oasis: The sultanate becomes a regional player, while maintaining a rich history and diverse culture
OBG
plus

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 are a driving force behind economic growth. The sultanate’s long-term development strategy, Oman Vision 2020, emphasises diversification, privatisation and…

Viewpoint

Bright future: Sultan Qaboos bin Said Al Said, on socio-economic developments and raising the profile of the public sector
OBG
plus

Viewpoint :Sultan Qaboos bin Said Al Said There was a time in our history when Oman needed to think about making various improvements in the country. Now we have the goals of human and social advancement in the sultanate, and it is important to build up a strong framework on which designs and projects can be based. Despite the large geographical area and harsh terrain of Oman, our previous development plans have gone a long way towards transforming life in this country. We have facilitated…

Viewpoint

Legacy reforms: Christine Lagarde, Managing Director, IMF, on spending reforms for sustainable and inclusive growth in Arab countries
OBG
plus

Viewpoint :Christine Lagarde The global economic recovery has strengthened, and a growth rate of 3.9% has returned in 2018 and 2019, with 75% of the world economy sharing in the upturn. Yet this tide is not lifting this region enough. Of course, there are differences among countries. For oil exporters, oil prices have rebounded to halfway between their lows and their highs from a few years ago, which is still putting significant pressure on fiscal balances. This calls for a different economic…