Identifier
Created
Classification
Origin
10MUSCAT52
2010-01-26 08:47:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Muscat
Cable title:
OMAN TERMED "STABLE COUNTRY"
how-toVZCZCXYZ0012 RR RUEHWEB DE RUEHMS #0052 0260941 ZNR UUUUU ZZH R 260847Z JAN 10 FM AMEMBASSY MUSCAT TO RUEHC/SECSTATE WASHDC 1169 INFO GULF COOPERATION COUNCIL COLLECTIVE RUCPDOC/DEPT OF COMMERCE WASHINGTON DC RUEATRS/DEPT OF TREASURY WASHINGTON DC
UNCLAS MUSCAT 000052
SENSITIVE
SIPDIS
FOR NEA/ARP, NEA/RA, AND F
E.O. 12958: N/A
TAGS: ECON EAID PREL ASEC MU
SUBJECT: OMAN TERMED "STABLE COUNTRY"
UNCLAS MUSCAT 000052
SENSITIVE
SIPDIS
FOR NEA/ARP, NEA/RA, AND F
E.O. 12958: N/A
TAGS: ECON EAID PREL ASEC MU
SUBJECT: OMAN TERMED "STABLE COUNTRY"
1. (U) A report published on January 12 by the UK-based Business
Monitor International (BMI) magazine states that the Sultanate will
remain a haven of stability in the region in 2010 due to low risks
to business in the country. BMI expects that the Sultanate will
maintain strong, stable relations with influential regional powers,
helping to diffuse rising tensions in the region. It indicates
that the business environment in the Sultanate is exemplary and is
expected to remain so, as the government is aware of the economic
challenges and seeks to attract further investments. The BMI
report reaffirms that the Sultanate's legal system is transparent.
2. (U) The report predicts that the Sultanate's economy will
sustain a steady economic recovery in 2010, building on increased
oil production in 2009. The Sultanate's GDP will grow by 3.7 per
cent in 2010, according to the magazine, which forecasts that oil
prices will increase to an average $83 in 2010, fuelled by the
current recovery of the global economy which, the report says, will
improve the balance of payments in the Sultanate.
3. (SBU) This business-focused evaluation matches other assessments
of Oman's stability and security situation. The GoO places great
emphasis on stability, as well as to being a good place to do
business. USG development assistance to the Sultanate focuses on
security assistance for a stable nation in an unstable region - and
Oman makes good use of this assistance.
Schmierer
SENSITIVE
SIPDIS
FOR NEA/ARP, NEA/RA, AND F
E.O. 12958: N/A
TAGS: ECON EAID PREL ASEC MU
SUBJECT: OMAN TERMED "STABLE COUNTRY"
1. (U) A report published on January 12 by the UK-based Business
Monitor International (BMI) magazine states that the Sultanate will
remain a haven of stability in the region in 2010 due to low risks
to business in the country. BMI expects that the Sultanate will
maintain strong, stable relations with influential regional powers,
helping to diffuse rising tensions in the region. It indicates
that the business environment in the Sultanate is exemplary and is
expected to remain so, as the government is aware of the economic
challenges and seeks to attract further investments. The BMI
report reaffirms that the Sultanate's legal system is transparent.
2. (U) The report predicts that the Sultanate's economy will
sustain a steady economic recovery in 2010, building on increased
oil production in 2009. The Sultanate's GDP will grow by 3.7 per
cent in 2010, according to the magazine, which forecasts that oil
prices will increase to an average $83 in 2010, fuelled by the
current recovery of the global economy which, the report says, will
improve the balance of payments in the Sultanate.
3. (SBU) This business-focused evaluation matches other assessments
of Oman's stability and security situation. The GoO places great
emphasis on stability, as well as to being a good place to do
business. USG development assistance to the Sultanate focuses on
security assistance for a stable nation in an unstable region - and
Oman makes good use of this assistance.
Schmierer