By 2020, the aim of the government of Oman is to achieve a GDP growth of 3% by creating multiple business and job opportunities and maintain safe inflation levels at 2.9%. The SME’s, Start-ups, Entrepreneurship are into prime focus that will boost the economy to a great extent.
Omani Government is heading its journey to build a smart-city. Strong networking base built through the trade agreements would help even the start-ups and entrepreneurs to climb up the business ladder.
Arabian countries are well-known as an export centre for oil and its by-products. Now, the government of these countries is slowly shifting its focus towards the non-oil sectors. Oman has also initiated the same and is looking forward towards encouraging the non-oil sectors and benefit the economy overall.
The ultimate aim by 2040 is to increase the GDP of the economy by 10%. This would increase the number of expats living there to a large extent. Analysts have come up with a population count of 5 million people that will be reached in the next two years. Increased population would ultimately demand more business activities to be carried on.