An expected rise in consumer spending is set to benefit Oman’s retail sector throughout the last quarter of this year and into 2014, but the bulk of the benefits are likely to be felt in Muscat.
Oman
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Economic update | Omani IPOs picking up pace
21 Oct 2013
There has been an increase in initial public offerings (IPOs) on the Muscat Securities Market (MSM), with firms in the financial, utilities and telecommunications sectors moving to broaden their ownership structure.
The announcement that the state will sell more than a quarter of its holdings in Oman Telecommunications Company (Omantel) could bring changes to a market facing challenging conditions and increased competition.
The health care sector in Oman is set to undergo a major expansion, with both the government and the private sector investing in new “medical cities” as well as developing a number of smaller hospitals.
Economic update | Oman’s cement market firming up
7 Sep 2013
While cement manufacturers in Oman are expanding operations to meet new domestic and international demand, they continue to face a challenging business environment due to intense foreign competition. However, the outlook for future growth remains positive as the government rolls out infrastructure projects as part of its current five-year economic development plan.
With solid growth in arrivals projected for the next few years, Oman is preparing to accommodate an increase in demand with new hotel developments.