A major part of the sultanate’s ongoing economic development efforts hinges on a series of key port projects that are set to see significant new investment in the coming years. These initiatives imply new potential for several of Oman’s robust insurance lines of business – from construction and engineering, to marine and hull. Meanwhile, recent...
As demand for water continues to rise in the sultanate, private and foreign investors are expected to play a greater role in the sector. Several projects are in the pipeline to increase supply, and private firms are taking the lead in a number of these developments. “The pace of building required to meet Oman’s increasing demand for water would...
The sultanate has a proven track record in the extraction of unconventional oil and gas. Its Block 61 project, undertaken with BP, is one of the most ambitious tight gas drilling projects in the world and, in the view of many in the industry, the technology employed there represents the future of gas production in the sultanate. “In Oman,...
As housing remains one of the most important segments in Oman’s real estate sector, financing plays a critical role in the development of the overall property market. A number of lending changes, such as lower interest rates and simplified loans processes, are making it easier for Omanis to own a home, and this should have positive effects...
The motor segment dominates general insurance in the Omani market. Alpen Capital’s 2011 “GCC Insurance Report” showed 62% of all insurance business activity in the sultanate going to motor coverage. Faced with the dominance of the motor segment in the sector, the industry regulator, the Capital Markets Authority (CMA), has recently moved to...
A number of factors are shaping Oman’s developing retail market. While competition has increased as more companies have set up retail outlets in the sultanate, salaries have also grown, boosting consumer spending as a consequence. Other, less obvious factors are influencing the market including increased infrastructure spending, more...
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