Oman
Oman's ports development will face challenges
Oman is driving an expansion of its ports and logistics capacities as part of its economic diversification policy
OmanCapital inflows to the Gulf states are set to slow
Net debt and equity capital inflows to the Gulf Cooperation Council states were strong in 2024
Gulf statesOman’s non-oil sector will drive growth in 2025
The non-oil sector drove economic activity in 2024, as the oil sector contracted
OmanOman will expand its clean energy production
Oman has announced twelve renewable projects that will more than double existing output
OmanOman's mining sector will add increasing value
The mining sector is an important element in Oman's Vision 2040 economic development and diversification strategy
OmanThe private sector will drive Gulf states’ growth
Government polices in the Gulf states will support the growth of the non-hydrocarbon private sector into the medium term
Gulf statesOman will likely return a fiscal surplus in 2025
Oman's 2025 budget forecasts a USD1.6bn deficit but is based on a low average oil price of USD60 per barrel
OmanThe tax take will increase slowly in the Gulf states
The IMF considers that the economic outlook of the Gulf Cooperation Council (GCC) is favourable
Gulf statesOman will prioritise AML/CFT compliance
The Financial Action Task Force has placed Oman on the “enhanced follow up” list
Oman
