The meeting reviewed a report on the efficiency of the Omani economy.
The report pointed out that the Omani economy has maintained good development prices as the GDP grew by six.five per cent in the very first quarter of 2018, driven by the rise in total activities in the oil sector. Crude oil activities improved by 1.1 per cent whilst gas activities improved by 100 per cent.
Further, the council stated that the contribution of the non-oil sectors grew by two per cent throughout the very first quarter of 2018.
The manufacturing sector registered a development of 17.eight per cent whilst other manufacturing industries recorded an improve of 22 per cent. The mining and quarrying sector recorded a development of 15 per cent. The fundamental chemical substances market sector grew by 14 per cent. In the period, the agriculture and fisheries sector grew by 7.six per cent.
The building sector decreased by 12.six per cent. The wholesale and retail trade sector grew by six.five per cent. The hospitality sector recorded a development of 7.two per cent. Transport, storage and communications sector rose by six.9 per cent.
The genuine estate, leasing and enterprise activities sector grew by six.five per cent. Other solutions decreased by 3 per cent compared to 2017.
Information Source: Muscat Daily