S&P affirms Oman credit rating at BBB
The Sultanate of Oman anticipates that its economy will grow by 3.5% in 2026 and 2027, according to a report from Standard Chartered. This projection comes amid measures aimed at boosting economic growth, with the country's credit rating remaining at "BBB-" by Standard & Poor's. Additionally, economic activities indicate significant growth in industrial and commercial sectors, with 1,651 industrial licenses issued and a 48.3% increase in commercial registrations in the Central region. It is also expected that the tourism sector will welcome around 4 million visitors and generate spending of one billion riyals in 2025.
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