Oman

The last years have marked a period of revival and recovery for Oman’s real estate sector following the global financial crisis. The country is now poised to consolidate progress and anchor economic growth. Real estate values have been rising across the board, while the number of transactions in the rental markets surged in 2013-14. Regional and local private sector...

Strong construction growth in Oman has been driven in large part by focused infrastructure spending, with the government offering a host of opportunities in its development of transportation megaprojects in recent years. “The country is still developing, so all projects which are vital to expanding infrastructure and catering to population growth are vital,” Vedat Koca,...

Among the largest private sector employers in recent years, the Omani government is moving forward on national development projects aimed at expanding industrialisation, enhancing transport and diversifying the economy away from the hydrocarbons sector. This growth has not been without challenges, however, and the government has moved in recent years to introduce new...

The construction sector in Oman is expanding rapidly on the back of government investment in major infrastructure projects, private sector-driven tourism development, and strong growth in the oil and gas industry. Vision 2020’s economic diversification strategy has already seen the government expand its infrastructure investment substantially in recent years, and while...