Oman
OMAN'S DIVERSIFICATION STRATEGY EARNS IMF PRAISE WITH UPGRADED GROWTH FORECAST
Sultanate of Oman has received a strong endorsement from the International Monetary Fund (IMF) in its latest regional report, which highlights the nation's successful economic diversification, proactive reforms, and an upgraded growth forecast. The May 2025 Regional Economic Outlook positions Oman as a key example of a nation effectively leveraging strategic planning to build a resilient and attractive economy. The IMF has notably revised its 2024 growth forecast for Oman upward, and projects a clear pattern of accelerating growth for the country. Real GDP growth is expected to strengthen from 1.7% in 2024 to 2.3% in 2025, reaching a robust 3.6% by 2026. The report indicates that this positive trajectory demonstrates that Oman's national diversification strategy is paying off. This momentum is supported by key sectoral developments, with the IMF noting that medium-term growth will be bolstered by a significant expansion in natural gas production. A crucial factor in this success is Oman's commitment to creating a favorable business climate. The report praises the country's proactive fiscal reforms, including efforts to broaden its tax base, which signal strong and sustainable economic management. These business-friendly policies are yielding tangible results, with the IMF confirming that Oman is attracting "substantial FDI inflows". This success in drawing foreign investment underscores the growing international confidence in Oman's economic future and its rising status as a destination for global capital. (ICE DUBAI)
Fonte notizia: International Monetary Fund regional economic outlook on middle east and central asia 2025