Governmentt spending, exports to drive economic growth in Oman

Oman’s nominal GDP reached an estimated $58 billion in 2010 and is projected to rise by 22 per cent to a record high of $70 billion in 2011

The Second Oman Capital Markets Forum 2011, which is scheduled for September, will focus on emerging opportunities in the Sultanate’s capital markets. 

As per the latest QNB Capital Economic Insight report, Oman’s nominal GDP reached an estimated $58 billion in 2010 and is projected to rise by 22 per cent to a record high of $70 billion in 2011 and by a further five per cent to $74 in 2012. 

The report states: “Looking at GDP by consumption, the important drivers of growth in 2011 are expected to be expanding exports, continuing recovery in fixed investment, and increased government spending.” 

A rapidly growing country like the Sultanate has truly transformed itself to one of the global thrusts in multi-sector economy. The Forum is geared towards discovering emerging opportunities in the Sultanate’s capital markets. 

Following up on the success of the First Oman Capital Markets Forum 2010 (OCMF), OITE Conferences in association with Muscat Securities Markets and Capital Markets Authority are organising the secondOman Capital Markets Forum 2011. 

This mega meet is scheduled to be held on September 26-27 at Al Bustan Palace InterContinental. 

The Second Oman Capital Market Forum is a two-day conference with a highly interactive session designed to highlight new directions and policies set by the government. Key government officials along with the country’s finance and investment sectors will once again meet at the forum to discuss various issues, key challenges and opportunities associated across the sector. 

This highly interactive event is set to provide noteworthy opportunities to establish and develop mutual business relationships, exchange commercial insights, network with key stockholders and learn innovative practices and challenges in the stock market. 

The event will provide an excellent opportunity for finance and investment sectors to discover emerging opportunities in the Sultanate’s capital markets. At the same time participants will learn from the experts coming from around the region on the region’s investment growth and potential. This year, the forum will equip delegates with winning strategies for continuous growth and provide participants with abundant networking opportunities. 

Known as one of the most progressive and best-regulated stock markets in the whole region, the Muscat Securities Market (MSM) is considered today to be an attractive investment destination for investors. Muscat Securities Market’s attempts to provide stakeholders with a dynamic role in Oman’s nation-building process and social upliftment.