Sunday 19 May 2019

#Oman to have best growth rate in GCC in 2020, says World Bank | ZAWYA MENA Edition

Oman to have best growth rate in GCC in 2020, says World Bank | ZAWYA MENA Edition:

Oman is predicted to have the highest growth among the countries of the Gulf Cooperation Council next year, according to a new report from the World Bank.

The Sultanate’s growth rate is expected to spike to six per cent in 2020, thanks to returns from the Tanfeedh programme for economic diversification, as well as continued investments to expand its oil and gas sector, with the Khazzan gas fields being targeted for significant expansion.

The figures were mentioned in the World Bank’s Gulf Economic Monitor as well as its Oman: Economic Update for April 2019.

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