Country Profile
From The Report: Oman 2020
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Located in the south-eastern quarter of the Arabian Peninsula, Oman is the only member of the GCC situated outside of the Gulf. To leverage its strategic location, Oman has invested in infrastructure with the goal of becoming a global logistics centre. Given that 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, is coming to a close, and in January 2019 the Vision 2040 conference set the stage for a new plan. Vision 2040 will continue to emphasise diversification, privatisation and Omanisation, with the goal to increase tourism, modernise agriculture, and foster technology and research and development.

Articles from this Chapter

Overview

Coastal connections: Building on a rich history and diverse culture, the sultanate steps up its regional and global presence
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. By 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, is coming to a close, and in January…

Analysis

Looking east: Enhanced cooperation and investment across a range of sectors is strengthening ties between China and the GCC
OBG
plus

With both economic diversification plans under way across the region, GCC states are seeking to bolster international trade relations and draw in foreign investment. Regional governments have found a willing partner in China, which is seeking to expand its trade and investment presence on the Eurasian continent, as demonstrated by its Belt and Road Initiative (BRI). In 2014 President Xi Jinping of China laid out a blueprint for the development of Sino-Arab cooperation, referred to as the…

Analysis

Looking east: Enhanced cooperation and investment across a range of sectors is strengthening ties between China and the GCC
OBG
plus

With both economic diversification plans under way across the region, GCC states are seeking to bolster international trade relations and draw in foreign investment. Regional governments have found a willing partner in China, which is seeking to expand its trade and investment presence on the Eurasian continent, as demonstrated by its Belt and Road Initiative (BRI). In 2014 President Xi Jinping of China laid out a blueprint for the development of Sino-Arab cooperation, referred to as the…