Oman Economy Expected to Grow by 2.3% in 2018, Says World Bank – The Sultanate Continues to Expand

User:MB-one, Oman Air at Muscat Airport, CC BY-SA 3.0

Things are looking very good for Oman from an economic perspective according to surveys conducted by the World Bank. The international entity has indicated that the nation’s economy has risen by 0.7% during 2017, and is expected to rise a further 2.3% within the course of 2018.

This is quite significant since it is ahead of the average rate of 2% in which all other GCC countries are economically expanding. Oman in particular wishes to diversify its economies in order to deal with oil-production cuts, and this could mean further development in areas such as tourism. One could expect the nation to build a beach resort in Salalah, or more, along the likes of Al Baleed Resort Salalah by Anantara, since the state recently received a new international airport.