Sustained growth in Oman’s tourism industry is expected on the back of rising interest in the destination together with favourable economic conditions driving up disposable income and improved connectivity.
Oman
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Since its establishment in late May 1981, the GCC has experienced over three decades of rapid economic growth. The bloc’s six members – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – have benefitted from greater integration and cooperation over the years, and continue to work to diversify their economies to maintain their competitive edge.
Never far from the headlines, the region faces a number of significant political and economic challenges. Amidst this, however, the economies of the Middle East offer numerous opportunities for investors, across all sectors.
The retail sector in Oman is set to enjoy solid growth in 2014, with disposable incomes on the rise and economic expansion being fed by higher levels of state investment, though a rapid expansion of retail space in the capital may soon leave shoppers spoiled for choice, putting pressure on rental charges and returns.
Economic update | Expanding IT in Oman
1 Jul 2014
A measured approach to rolling out the infrastructure for Oman’s advanced broadband network is part of a wider policy of managed development towards becoming a knowledge-based economy.
A two-pronged drive to tackle the rise of lifestyle diseases in Oman and broaden the range of medical facilities available locally has put the country’s health care services on course for rapid growth.