BMI has an optimistic view towards the outlook for new vehicle sales in Oman, forecasting a 7.4% increase in 2013, to take annual sales towards the 220,000 unit mark, with risks to our forecast very much weighted towards the upside. Although our Country Risk team believes that GDP growth in Oman will slow from an estimated 4.9% in 2012, down to 4.4% in 2013, this is still a strong number. Encouragingly, both oil production and the nonhydrocarbon economy are witnessing strong growth, with the government’s expansionary fiscal policy stance also continuing to underpin the private sector.
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