After posting robust growth in 2015, Oman’s real estate sector has seen prices decline early this year, though sales remain strong in certain segments of the market.
Oman
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A return to the international bond market, combined with fiscal reforms and an increase in oil prices, is bolstering government efforts to bridge Oman’s budget deficit.
Recent regulations on sukuk (Islamic bonds) are helping drive growth in Oman’s Islamic banking sector, with sharia-compliant lenders gaining ground.
New legislation could boost investment and growth in Oman’s mining sector, although gaps in infrastructure could inhibit expansion in the short to medium term.
Government plans to increase the country’s generation capacity and upgrade its transmission network look set to spur further growth in Oman’s utilities sector, against a backdrop of subsidy rationalisation.
Bucking global hydrocarbons trends, Oman is moving ahead with substantial investment across its upstream and downstream oil and gas industry.