The current COVID-19 crisis will continue to have a devastating impact on the global economy and, in particular in Oman, on the oil, aerospace and defense sectors. While Oman appears to be successfully containing the spread of COVID-19, its economy will need a speedy revival of the oil sector, which has been seriously impacted by a record cut in output to prop up oil prices amid the coronavirus pandemic. Post the pandemic, Oman will remain a very important market for U.S. and UK aerospace and energy firms.
In a Client Alert, Sarah Keeling explains how robust due diligence and controls can help investors limit their risk exposure and realize full benefits from promising investment opportunities in Oman.
