Exports The Best Way In For Gulf Consumer Companies?

Our Middle East and North Africa team believes the increase in government spending in Oman announced as a response to the unrest at the start of 2011 will boost household consumption as well as fixed investment this year, leading us to revise up our real GDP growth forecast from 4.2% to 4.7%. Not as wealthy as its Gulf neighbours Kuwait, Qatar and the UAE, nor as large as Saudi Arabia, Oman has not attracted too much attention on the consumer side in recent years compared to its neighbours. Although Oman does have fairly significant oil and gas reserves, they are

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