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Oman economy to grow 2.5%
- Oman: Thursday, October 22 - 2009 at 11:19
Abdulmalik Al-Hinai, undersecretary of Oman's economy ministry has said that the Sultanate's economy will grow by 2.5% in 2009 in nominal terms, thanks to better performance of its non-oil sectors, Reuters has reported. 'The growth will come from the non-oil sector such as mining, industries, agriculture and taxes,' he said. In nominal terms, Oman's non-oil sector share of GDP stands at 74%, while the rest goes to the hydrocarbon sector, which has a much larger impact on economies of the country's more resource-rich Gulf neighbours.
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StaffThursday, October 22 - 2009 at 11:19 UAE local time (GMT+4)
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