RIYADH: Oman’s economy has shown resilience despite the war affecting the Middle East, with the International Monetary Fund upgrading its growth forecast for the country by 0.2 percentage points.
Releasing its assessment of Oman’s economic outlook amid continued regional conflict after a staff visit to Muscat, the organization stated that Oman is set to see a 3.7 percent expansion to its economy in 2026, up from the 3.5 percent projected in April.
The visit came days after Oman’s Minister of Finance Sultan bin Salim Al-Habsi met in Washington with the IMF Executive Director for Arab countries and the Maldives, Mohammed bin Ahmed Maait, where the two sides discussed deepening cooperation on technical support and capacity-building in the financial and economic fields.
Abdullah Al-Hassan, who led the IMF team in Oman, said the country’s economy “continues to demonstrate resilience in the face of headwinds” from the war.
He added: “Oman's oil and natural gas infrastructure has remained largely unaffected, enabling Oman to increase oil production and exports amid regional supply disruptions.
