GLOBAL CONNECTIONS: the Near/Middle East
1995: Omani ruler Sultan Qaboos emphasizes economic reform in his country.

Oman has less oil than other Gulf states, and its reserves are running low. Additionally, its deficit is climbing. Sultan Qaboos is trying to diversify Oman's economy in part by reducing its dependence on oil and encouraging its private sector to be more competitive and efficient.

WWW Oman Shows Commitment to Economic Reform /volume38/v38n09/v38n09b01.htm

Economic reform in Oman