When it comes to luxury goods, the GCC is one of the main drivers of global growth, with the region accounting for sales of $8bn in 2011, up 30% year-on-year, according to the “Retail International” report put out by Alpen Capital in December 2012. The outlook for the segment remains broadly positive as well, with a forecast compound annual...
Oman’s economic revival, and the prospect of a wide range of investments over the coming years, is driving demand in the office property sector. During the economic slowdown from 2009-11, some companies downsized, and much space remains unoccupied. But rents are picking up again for the better properties.
With a range of big-ticket projects coming on-stream as the country gears up its economic diversification strategy, Oman’s construction sector is seeing something of a resurgence. The market is highly competitive, thanks in no small part to the government’s encouragement of foreign and private sector participation. This is in turn squeezing...
How can manufacturing firms in Oman build sustainable growth while managing market volatility?
For decades the energy sector has acted as the key driver of Oman’s economy and it continues to take centre stage in the sultanate’s development. A major magnet for foreign investment, and home to a range of growing domestic players, the sector looks set to continue attracting attention as Oman aims to accelerate growth and meet rising domestic...
Exports of crude oil and natural gas continue to play a central role in the sultanate’s economy. Oil exports grew in 2012 and 2013, boosting national revenues at an important time, with the country pulling out of an economic slowdown and preparing a wide-ranging infrastructure investment programme.
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