FINANCIAL NEWS

Oman to post 4 percent growth in its economy in 2014

23 Apr 2014

(MENAFN) Oman’s economy is expected to grow by 4-5 percent in 2014 after implementing multi-billion projects in 2013 and 2012, according to Arab News.

Head of the Gulf country”s central bank said that the Sultanate spent billions of dollars on infrastructure projects as it plans to attract private investments.

The country said that a USD1.8 billion worth terminal will be launched by the end of the current year at Muscat International Airport.

Hamood Sangour Al-Zadjali said: “We are building airports. We are building seaports, a lot of roads are being built. Oman is like a huge workshop now … this is generating increased economic activity.”

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