Oman Food & Drink Q2 2018

Oman Food & Drink Q2 2018

BMI View:

The outlook for the food and drink industry in Oman has brightened and we now expect the market to achieve relativelyhealthy short-term growth. Consumer sentiment in Oman is improving in light of a more robust economic outlook in the country,due both to higher oil prices and the impact of efforts to diversify domestic industries. As a result, household income rates areheading upwards, boosting capacity for food and drinks spending. The food and drinks market, therefore, continues to attractforeign investment, drawn by higher spending rates, Oman's stable political environment and the increasing availability of modernretail spaces.