MUSCAT: The Middle East Investors Guide issued by London-based Investment Monitor has identified the Sultanate of Oman as the best Arab country recommended for foreign investment in 2022.
The Middle East Investor Guide from Investment Monitor used 26 data points to analyse the countries of the region, highlighting the winners and losers across the region by all measures.
The institution said in a new report, published on its website, that the Omani economy is set to grow by 3.3% in 2022, according to a report issued by the International Institute of Finance.
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She added that the increased demand for oil, along with the termination of the current OPEC Plus agreement to allow for increased oil production, will benefit the Sultanate in 2022, and the new five-year plan for the period from 2021-2025, as part of Oman’s 2040 vision, has also served to provide an insight into More realistic for the short term.
Noting the reforms implemented in the context of Oman’s Vision 2040, Oman has set an average annual growth rate in non-oil activities of 3.2% in its GDP, and the country plans to diversify its economy with its focus on technology, agriculture, fisheries, food processing, transportation, and warehousing and logistics.
She noted that on January 11, 2022, Oman and Britain agreed on a sovereign investment partnership, the second of its kind in the Middle East, saying that this agreement will work to strengthen economic relations and increase investment in both countries.
