The Middle East Economy

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Oman is taking a number of steps to attract investors to the sultanate in a bid to diversify its economy away from a reliance on hydrocarbons.

A continued flow of investments in infrastructure looks set to maintain Bahrain’s upward trajectory in the second half of this year, with non-hydrocarbons sectors helping to drive the country’s fastest growth rate in two years.

Continued investment, particularly in retail and real estate, aims to drive footfall through a variety of new developments on Abu Dhabi’s Al Maryah Island.

With low oil prices continuing to take their toll on the Kuwaiti economy, the government is hoping investment in the small and medium-sized enterprise (SME) sector begins to pay dividends.

The number of Jordanian exports to the European market is expected to rise following a newly inked deal with the EU that relaxes the rules of origin stipulations.

Omar Alfardan: It is important to develop a wide range of hotels that will address the unique needs of various travelers; having projects in all segments will attract a more diverse selection of travelers who have particular needs in terms of facilities and budget.

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