Despite ongoing economic pressures associated with the drop in oil prices, Oman’s diversification strategy and efforts to enhance wider revenue streams are beginning to bear fruit, as witnessed by continued growth in the non-oil sector despite dropping incomes and wider regional instability.
Having adopted a forward-looking strategy for ICT development a decade ago, Oman has made great strides in building up its technological infrastructure and its capacity, within both the government and the private sector. “There has been an increase in the demand for IT services, particularly from the private sector who know the value of...
With two well established full-network operators complemented by a range of dynamic “reseller” players, Oman’s telecommunications market is lively and competitive. Growing market maturity has led to operators looking to boost take up of mobile internet and value-added services (VAS) in order to drive revenues, while targeting niches with...
Oman offers a diverse as well as highly competitive telecoms sector, with two full-network operators and three virtual network operators catering to a market of 4m people. Despite this, however, the sector has continued to expand on the back of rising subscriptions and increasing mobile penetration rates. Growing market maturity has led to operators looking to boost take-up of mobile internet...
Oman’s long history of political stability coupled with its favorable international trade agreements and special economic zones has ensured strong growth in economic output and exports in recent years. The fall in global prices is undoubtedly a concern for the sultanate, but the sustained focus on diversification schemes, as well as the country’s ongoing spending commitments on big-ticket projects should ensure steady growth moving forward.
A range of government initiatives are driving ICT adoption in Oman, as the sultanate works to connect all homes and businesses to the national broadband network by 2040.
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