Oman eyes real GDP growth of 3.5% in 10th Five-Year Plan
By: ONA
Dr Nasser Rashid Al-Ma’awali. - ONA
Muscat: Dr Nasser Rashid Al-Ma’awali, Undersecretary of the Ministry of Economy has said that the 10th Five-Year Plan will focus on achieving a real GDP growth rate of not less than 3.5 percent on average and 5.5 per cent in nominal GDP growth rate, as well as increasing the investment rate to 27 percent of GDP on average.
He added in a statement to Oman News Agency (ONA) that one of the main objectives of the plan is to attract more foreign direct investment in the oil and non-oil sectors, to reach 10.9 percent of the GDP by the end of the plan.
Sultanate, India discuss ways to deal with COVID-19
By: Times News Service
Muscat: Oman and India reviewed cooperation and strategic partnership, including trade & investment and maritime security during the visit of Muraleedharan, Minister of State for External Affairs and Parliamentary Affairs of India to Oman.
They discussed ways of strengthening cooperation to deal with COVID related challenges. He conveyed gratitude for the support extended to Indian diaspora and excellent cooperation during COVID-19. The ministers also exchanged views on regional and international issues.
V. Muraleedharan visited Oman on 16 – 17 December 2020 following a virtual meeting between External Affairs/Foreign Ministers of India and Oman on 2 December 2020 and Joint Commission Meeting between Commerce Ministers on 19 October 2020.