Tourism

Though the global financial crisis and delays in hotel construction and infrastructure upgrades have hampered growth, the government and private sector are ramping up promotional activities, hospitality projects and other investments within the industry to meet new demand. Macroeconomic indicators show that the sultanate is on track for continuous, sustainable growth in both its business and leisure segments. With revenues from international visitors exceeding $1bn for the first time – the fourth highest in the MENA region – the sultanate has seen annual tourist numbers grow beyond the 2m mark. Investment in transportation infrastructure and the hotel segment offers long-term growth potential and a variety of opportunities for investors.