Oman targets 3.5pc GDP growth in 10th 5-year plan
Image courtesy: ONA MUSCAT, January 7, 2021 Oman’s Ministry of Economy will target a real GDP growth rate of 3.5 percent on average and 5.5 percent in nominal GDP growth rate, as well as increasing the investment rate to 27 percent of GDP on average, a senior government official said. One of the main objectives of the plan is to attract more foreign direct investment in the oil and non-oil sectors, to reach 10.9 percent of the GDP by the end of the plan, Dr Nasser Rashid Al-Ma'awali, Undersecretary of the Ministry of Economy, was quoted as saying in an Oman News Agency (ONA) repor...