Oman 3.0: Challenges of a new era

Country Views
  • The transition of power in Oman from the late Sultan Qaboos bin Said al Said to his cousin, Sultan Haitham bin Tariq, has been smooth and welcomed by Omanis and foreign investors.
  • While we expect the new sultan to continue his predecessor’s legacy of acting as a neutral negotiator in times of heightened regional tensions, we are on watch for a potential decentralisation of power. 
  • Haitham has the difficult task of shoring up the economy, including fixing the fiscal balance, reducing Oman's high debt profile and refinancing risks, cutting unemployment and forging ahead with Omanisation.

Florence Eid-Oakden, Ph.D, Chief Economist

Charlene Rahall, Senior Analyst

Leila Lajevardi, Analyst

The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.

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