Oman's steps to diversify economy, encourage investments praised

London: Steps taken by the Sultanate to encourage investment and diversify sources of income have been praised by the prestigious London-based Oxford Business Group (OBG).
In a new report posted at the OBG website, the OBG said that the Government of the Sultanate has taken in 2016 steps aimed at turning the Sultanate into a more attractive investment destination by provision of the e-services of the One –Stop Shop through "Invest Easy Portal", comprising 76 different government services.
The OBG said that the Sultanate, like other GCC States, has faced pressures in terms of revenues due to the global decrease in oil prices, which led the Sultanate to enhance the economic diversification efforts.