Oman ranks better in key economic risk assessment

MUSCAT: Oman has achieved a better ranking in the political and economic risk assessment for 2017, according to a survey conducted by a global insurance and risk management company Marsh. The Sultanate has achieved an average score of 60-69 in the political and economic risk assessment.

Rating is good

“This rating is good for the Sultanate and there is a possibility to improve the rating, which will help in attracting investment to the Sultanate,” said Suleiman bin Gharib Al Shaibani, Head of Promotion and Marketing and Acting Head of the External Credit Department at Export Credit Guarantee Agency of Oman (Credit Oman).

He pointed out that the businessmen, foreign investors and international investment funds depend on this classification, which takes into account the index of economic and political risks of countries.

He explained that the senior businessmen and investors do not invest funds of millions of riyals without knowing the country’s profile.