Oman

The Sultanate’s health sector continues to develop, with more hospitals being recognised for providing high quality of care and plans for a new health endowment programme under discussion.

With pay rises across both the public and private sectors in Oman producing higher levels of consumer spending, some analysts are now revising their forecasts upwards for the Sultanate’s retail sector in favour of solid growth.

Small and medium-sized enterprises (SMEs) in Oman are gaining increased support from public and private organisations alike, with a number of public officials having expressed enthusiasm for the further development of the sector.

As Oman looks to renewable energy as a way to meet the increasing calls on its national electricity grid, investors are eyeing the Sultanate as a base for the production of technology needed to convert the rays of the sun into energy and profits.

With initial public offerings (IPOs) set to inject much needed capital into the sector and a new independent authority ready to promote transparency and oversee expansion, the Omani banking sector looks set for a period of further development.

With an increase in both government and private sector spending as a series of new infrastructure, tourism and social services projects are rolled out, Oman’s construction sector is set to experience robust growth in the coming years. The sheer scale of the building programme, however, could test the capacity of the industry.