Investments into Oman to increase by 34 percent
The Omani government expects investment to increase by 34 percent during its Sixth Five-Year Plan launched in 2001. According to official figures, total investments are forecasted to reach 6.6 million Omani rials ($17 million) compared to OR 4.9 million earned during the Fifth Five-Year Plan, which ended in 2000.
The Sultanate’s gross domestic product (GDP) is forecasted to increase by four percent during the Sixth Plan and the oil sector’s contribution to the GDP is expected to drop by 34 percent by the end of 2005, compared to 48 percent input in 2000.
Available resources for implementation of the development plan stand at OR 1.3 million. The program aims to preserve the income per capita, promote tourism and support income-diversifying projects. — (menareport.com)
© 2002 Mena Report (www.menareport.com)