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.