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...
The Middle East Industry
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Articles & Analysis | A destination for everyone: Rising incomes mean outlet options continue to diversify from The Report: Oman 2013
Articles & Analysis | All things, great and small: Growth in sales options is coming in a number of shapes and sizes from The Report: Oman 2013
Oman’s retail market is largely split between shopping malls and relatively small roadside shops or ground floor retail units. While shopping malls are relative newcomers, the segment is growing quickly both within the capital area and in other, less-populated cities. The two largest shopping malls in Oman are Muscat City Centre and the recently...
At the base of the Arabian Peninsula, occupying a landmass slightly larger than Italy, Oman is the largest country in the GCC after Saudi Arabia. In recent years, the non-OPEC oil exporter’s economy has been undergoing a steady transformation, reorienting from oil toward a more diverse set of service and industry-based economic activities. So far, progress has been promising. In 2011 oil and gas accounted for 38.8% GDP.
Chapter | Industry & Retail from The Report: Oman 2013
As part of a strategy to diversify the economy away from the oil and gas sector, efforts are continuing apace within the industrial sector. In particular, the government is working to expand steel production, as regional demand is expected to increase in line with large-scale projects underway in the GCC region. The aluminium industry, for example, is showing signs of good growth, with new...
Economic update | RAK: Boosting cement production
6 Dec 2012
With demand for cement in Ras Al Khaimah (RAK) poised to rise and regional projects already driving up exports, there are signs that the industry could be turning a corner.
With one of the world’s most commanding positions in the global energy industry and a growing role in regional diplomacy, Qatar has seen many returns on the political and economic investments it has made in the past two decades.