AGP Executive Report
Last update: 4 hours agoEnergy Supply Chains: Oxy Oman signed three agreements with local firms for wellhead equipment, drive units and flanges, as it reported local content made up 41.5% of supply-chain spending in the second quarter. Growth Outlook: The IMF projects Oman’s GDP will grow 4.5% in 2026, with a fiscal surplus averaging 5.3% of GDP over 2026–27. Government revenues equalled 30.9% of GDP in 2025, including 9.2% from non-oil sources. Tourism Investment: OMRAN Group and VA Group unveiled the Al Yazan waterfront project at Port Sultan Qaboos: 1,500 homes, retail and leisure facilities across 18.5 hectares. Regional Trade: Oman will take 15 companies to a business forum in Rwanda to explore export and investment opportunities. The six GCC states also agreed to advance a 2,100-kilometre railway network, targeting full operations by 2030. Infrastructure: Egypt’s Madkour won a contract to build a 400kV grid station near Duqm, supporting industrial growth in Al Wusta. Digital Finance: Oman and China agreed on a five-year, 30-billion-yuan currency swap and cooperation on digital payments and central bank digital currencies.
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