S&P Upgrades Oman’s Growth Outlook
Standards & Poor's has reaffirmed the credit rating of the Sultanate of Oman at "BBB-" with a stable outlook, amid expectations of economic growth ranging between 3.5% in 2026 and 2027, supported by an accelerating GDP growth during the current year. The Sultanate also recorded a trade surplus of 4.68 billion Omani riyals, and signed three petroleum concession agreements aimed at expanding exploration activities and increasing oil reserves. Investments in the tourism and energy sectors are among the dynamics contributing to the diversification of the Omani economy, along with efforts to deepen the productive base and reduce import bills, despite challenges faced by small and medium-sized enterprises.
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