Can Oman deliver on long-held promise to diversify its economy?

Issue 1058 - 27 Apr 2018 | 7 minute read

There are positive signs – but no yet conclusive evidence – that speed is picking up in Oman’s efforts to rebalance its economy, supporting the creation of a more diverse business environment in which a new generation of entrepreneurs can operate more easily. The shift away from hydrocarbons dependency could, ironically, be helped by higher oil prices, after three bleak years in which budget and fiscal targets have been missed.

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