Oman’s non-oil economy is projected to grow by over 2 per cent in 2023, bolstered by investments in renewable energy, as well as a rebound in the tourism and construction sectors, the World Bank said in its latest Gulf Economic Update.
The uptick in non-oil growth is a bright spot amid an anticipated deceleration in overall growth to 1.4 per cent this year, as the domestic economy is weighed down by a cap on oil output mandated under OPEC+…