Oman’s non-oil sector eyes 6 percent growth by 2017

28 May 2015

(MENAFN) The Sultanate of Oman forecasts a growth of about 6 percent for its non-oil sector over the upcoming two years, motivated by the country’s logistics and tourism sector, Oman Daily Observer reported.

In specifics, the Sultanate’s Gross Domestic Product is forecasted to record a growth of about 4 percent in 2015 and 3.7 percent the next year, heavily motivated by a sturdy performance by the non-hydrocarbon sector.

“With lower oil prices highlighting the need to diversify the economy, authorities are keen to go ahead with their ambitious projects pipeline.” A report by National Bank of Kuwait (NBK) read.

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