HSBC Oman hosted the first round of the HSBC Senior Economic Experts Forum in Muscat, bringing together business leaders, policymakers and major clients to discuss macroeconomic trends and future prospects for Oman and the GCC region in general.

The itineraries of this global mobile forum of HSBC economists, held in the markets where the bank operates, have focused on highlighting the economic developments in the Sultanate of Oman, with HSBC economists presenting their global views on economic growth prospects, policy flexibility and the investment environment at the regional level.

The Sultanate of Oman continues to distinguish itself at the regional level, thanks to its ongoing fiscal discipline, strong growth in non-oil sectors, and ambitious economic diversification programs, which contribute to driving the Sultanate’s economic momentum.

According to recent reports from the Ministry of Finance and the International Monetary Fund, Oman’s real GDP is projected to grow by 2.5% in 2025, driven by investment in the manufacturing, construction, and services sectors. The Sultanate’s prudent fiscal stance, coupled with the expectation that oil prices will remain around US$60 per barrel, should support its financial stability and ensure its resilience in the face of global market fluctuations.

Commenting on this, Elie Asmar, CEO of HSBC Bank in Oman, said: “ HSBC continues to collaborate with Omani stakeholders and institutions by playing a prominent role in supporting the Sultanate’s economic transformation. Our role is not limited to providing banking services, but also focuses on opening new horizons by offering global insights and expertise and providing opportunities for mutual growth with global markets through the HSBC international network. With the Sultanate’s desire to increase the volume of foreign direct investment, the prospects for sustainable prosperity look brighter than ever.”

Simon Williams, HSBC 's chief economist for Central and Eastern Europe, the Middle East and Africa, said: "Oman's progress stems from the clarity of its objectives and the consistency of its policies. Investment activity in Oman has gained strong momentum this year, and with a rate approaching 190% of GDP, the volume of projects currently planned is more than double that of any other market in the region."

Oman’s economic future is being shaped by the Sultanate’s insightful policies and its efforts to foster innovation and establish a strong foundation for sustainable growth. HSBC will continue its unwavering commitment to supporting the nation’s ambitions and will work closely with international companies and Omani institutions focused on expanding their global reach and relationships. HSBC will provide the knowledge, expertise, and financial solutions needed to empower clients to succeed in a constantly evolving global environment.

For media inquiries, please contact:

Tony Hannon

tony.hannon@hsbc.com

Phone: +971 50 414 7496

Ahmed Othman

ahmadothman@hsbc.com

Phone: +971 50 900 2139

About HSBC in the Middle East, North Africa and Turkey

HSBC is one of the world’s largest and most widely represented banks in the Middle East, North Africa, and Turkey (MENA) region, with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Turkey, and the United Arab Emirates. In Saudi Arabia, HSBC holds a 31% stake in Alawwal Bank and a 51% stake in HSBC Saudi Arabian Investment Bank. As of December 31, 2024, the bank’s assets in the MENA region totaled US$73 billion.

www.hsbc.ae

About HSBC Holdings PLC

HSBC Holdings plc, the London-based parent company of the HSBC Group, serves customers worldwide in 57 countries and territories. With assets of US$3.234 trillion as of September 30, 2025, the HSBC Group is one of the world's largest banking and financial services organizations.

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