ISSUES



OMAN

Diversification and growth of the economy amid a global recession


Project Description

The Sultanate of Oman is an example of economic success: while in the 1970s the country was one of the poorest places on Earth, at the end of 2011 its per capita income had reached more than USD 20,000. In spite of the global recession, Oman is growing 4% annually. 80% of this Arab nation of 3 million inhabitants revolves around oil and gas. This is something the Omani authorities are trying to change by drafting a plan to diversify its economy, something perfectly explained by the Plan Vision 2020.

Oman

CAPITAL: Muscat
CURRENCY: Omani Rial
POPULATION: 3 million
LANGUAGE: Arabic

Launch Project



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