Oman

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What impact are ongoing operational challenges having on the maritime industry?

On the back of higher oil prices and a stronger global economic environment, the Middle East returned to growth in 2021, with a number of governments taking the opportunity to implement long-term plans aimed at diversification and modernisation.

Oman’s economy was heavily reliant on hydrocarbons when the pandemic began, creating fiscal pressures as demand and prices fell. 

Oman’s post-pandemic priorities are focused on developing the private sector, accelerating diversification and reducing the national deficit.

With connectivity being widely recognised as a key driver of the post-coronavirus economic recovery, GCC countries are poised to benefit from the expansion of their 5G networks.

Amid an attempt to drive a post-coronavirus economic rebound, a number of countries in the Gulf have introduced new immigration measures to help attract skilled foreign workers.

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