Irving, TX, September 06, 2013 --(PR.com
)-- The economy of Oman is considered as one of the high-income economies in the Middle East. The economy is estimated to reach $95 billion by 2018. The global economy continues to grow in spite of uncertainties in Europe and the US markets. Oman is well ahead of the leading economies of the world in terms of economic growth as well as global average growth rate. This is completely attributable to the strong economic policies of the country.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the various risks associated with Oman and presents its findings in “PESTLE Analysis of Oman 2013.” The report studies the political, economic, social, technological, legal, and environmental analysis of Oman. The country possesses medium risk in terms of political, economic, social, and technological aspects.
Lucintel report indicates that Oman has faced many challenges in its quest to achieve growth and competitive economic edge and demographic developments. Over dependence on exports based on hydrocarbon has led to the maturity of the oil fields. Fuel combusted during the production of energy and energy-related products accounts for 67% of Oman’s total CO2 emissions.
The report describes that the country has made optimum utilization of resources to become a developed country. Oman has a profitable geostrategic location as it is located at the mouth of Persian Gulf and is bordered by the United Arab Emirates, Saudi Arabia, and Yemen. It also shares a marine border with Iran. Oman is ranked 33rd in terms of per capita income which opens up opportunity for retail and real estate sectors.
This report analyzes the impact of different macroeconomic indicators of the country on different industries and includes the impact of socio-political and demographic changes. This report analyzes domestic and external economic trends, government policies, technological changes, and their impact.
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