Oman – Economic Overview and Infrastructure Projects

Oman’s private sector development is heavily reliant upon government expenditures to expand. But like other oil producing countries in the region, Oman’s budget has been impacted by the reduction in worldwide oil prices, hindering its ability to fund major infrastructure projects across the country. Construction accounts for approximately 8 percent of Oman’s GDP , and BMI Research predicts Oman’s construction sector to post this year its slowest growth since 2000.

Publisher: Whispering Bell

Pages: 9

Oman’s private sector development is heavily reliant upon government expenditures to expand. But like other oil producing countries in the region, Oman’s budget has been impacted by the reduction in worldwide oil prices, hindering its ability to fund major infrastructure projects across the country. Construction accounts for approximately 8 percent of Oman’s GDP , and BMI Research predicts Oman’s construction sector to post this year its slowest growth since 2000.

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