As of the end of 2012, Oman had 12.18tn cubic feet (tcf) of proven gas reserves and expected reserves of 17.82 tcf, according to the Ministry of Oil and Gas. Thanks to ongoing exploration efforts, new discoveries mean that the country’s proven reserves have not depleted over the past decade, despite growing consumption – they stood at 31.8 tcf...
In addition to Oman’s expanding health budget, there is growing momentum to support the establishment of quality private facilities locally, and this effort should receive a welcome fillip from the approval of several large-scale health projects. Two of these projects aim to raise the sultanate’s profile within the global medical community by...
Economic expansion, a growing population and increasing interest from foreign investors are driving a strong recovery in Oman’s real estate market. After a dip caused by the global financial crisis, an initially slow revival is gaining momentum. Segments including integrated tourism complexes (ITCs) and higher-end residential and office space...
Food consumption across the GCC region is set to increase by over 3% annually over the next five years, according to a report released by finance house Alpen Capital. In Oman, an expanding youth population, combined with a rise in the number of expatriates and growing disposable incomes, has fuelled the growing demand for protein. While the...
A long-standing pillar of the economy, the fishing and farming sector remains one of the sultanate’s major employers. To keep up with changing times, however, Oman is now allocating significant resources to modernise the sector, focusing on agro-business, aquaculture and marine infrastructure, which will require innovation and the development of...
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...
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