Oman GDP to grow by 4 percent in 2015

20 May 2015

(MENAFN) Oman’s Gross Domestic Product (GDP) is forecast to increase by 4 percent this year and 3.7 percent next year, motivated by sturdy non-oil operations, Arab Times reported.

The Omani government is set on a diversification plan to branch away from heavy reliance upon the oil sector on the back of slumping oil prices, which revealed the country’s economic weakness.

Oman’s non-oil growth will be generally motivated by the logistics and tourism sectors, which both are set to lead the non-hydrocarbon sector’s growth to about 6 percent over the next two years.

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