Though the global financial crisis and delays in hotel construction and infrastructure upgrades have hampered growth, the government and private sector are ramping up promotional activities, hospitality projects and other investments within the industry to meet new demand. Macroeconomic indicators show that the sultanate is on track for continuous, sustainable growth in both its business and...
Oman Tourism
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At the base of the Arabian Peninsula, occupying a landmass slightly larger than Italy, Oman is the largest country in the GCC after Saudi Arabia. In recent years, the non-OPEC oil exporter’s economy has been undergoing a steady transformation, reorienting from oil toward a more diverse set of service and industry-based economic activities. So far, progress has been promising. In 2011 oil and gas accounted for 38.8% GDP.
The tourism sector is enjoying increased attention. In 2012 it accounted for some 3% of GDP, saw growth of nearly 4% in the same year, and contributed to the creation of some 70,000 jobs in 2011. In the broader Middle East region, tourism job creation actually shrank by 0.6%. Going forward, the government’s priority is to diversify tourism offerings, via a number of initiatives to promote the...
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