Tourism to contribute $365.7B to Gulf GDP by 2035
Oman's gross domestic product (GDP) for the end of the second quarter reached 12.9 billion riyals, marking a growth of 25.6%. Growth is expected to accelerate further during the current year, with real growth predicted to reach 4%, thanks to projected fiscal and external surpluses in 2026. The authorities also discussed efforts to enhance local content, the opportunities for deploying electronic systems in elections, and reaffirmed a peaceful approach to resolving national disputes. Projections indicate that the El Niño phenomenon is nearing record levels, with Oman responding to weather risks and achieving stability in security and economic conditions.
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