| | DECEMBER 20214 Vol 03 · Issue 12 - 8 · December 02, 2021 Publisher Alok Chaturvedi Editor Sujit Vasudevan Editorial Aveek Pal Chaudhuri Avinash Roy Mandvi Singh Sthitaprajnya PanigrahiGroup Art DirectorAshok KumarNoida Shivam Agarwal Ashu Sethi Garima Anandadvertise@ceoinsightsindia.comEditorial querieseditor@ceoinsightsindia.comTo subscribeVisit: www.ceoinsightsindia.com/subscribe/to subscription@ceoinsightsindia.comCover price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technolo-gies India Pvt. Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2021 InfoConnect Web Technologies India Pvt. Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Design Vetrivel S Dennis Bennito J Mohana KrishnanCirculation Manager Magendran PerumalEditorialThe Bounce Back TimeGM - Sales & Marketing Amrit Kumar SinghAdvertising Managers Oman has manifested great strength in its growth trajectory ever since the dawn of the new millennium, ensuring the welfare state of its nationals, who today savor a very high per capita income. Oman's economy is heavily dependent on oil production, as the the petroleum sector accounts for around 87 percent of budget revenues, 51 percent of GDP and 60 percent of total exports. But it's no secret that the oil reserved have been shrinking in recent years, forcing the government to a process of economic diversification based on development of tourism and gas based industries.This augmented with the effective vaccination program prevailing in Oman, the country is well on its tracks to recover in 2021 from the dual impact of the Covid-19 pandemic and the collapse in oil prices last year. According to International Monetary Fund, the economy is projected to grow by 2.5 percent after the 2.8 percent contraction in 2020.Going forward, government spending is also expected to increase with a plan to boost the economy in a diversified manner. It's commendable the way the sultanate has adopted various fiscal measures over the past year to support the economy during the pandemic. This ranges from interest-free emergency loans to tax and fee reductions and waivers, the flexibility to pay taxes in instalments and a Job Security Fund to support citizens who lost their jobs. This issue is about a bunch of entrepreneurs who have been an instrumental part of driving Oman's economy from the corporate side of things.Do let us know what you think!Sujith VasudevanManaging Editoreditor@ceoinsightsindia.com
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