The Middle East

Expansion of the highway network is set to boost sea-to-air connectivity and raise the sultanate’s profile as a logistics and trans-shipment destination. Development of aviation and port facilities has attracted significant foreign investment, with joint-venture opportunities in free zones and industrial zones, among others, progressing alongside the GCC rail project. This chapter contains...

The sultanate boasts high mobile penetration, widening 4G LTE coverage in key urban areas and a growing fixed-line market. Auctions are under way for spectrum to support service expansion, and the regulator is considering a new framework for competition. Meanwhile, private investments should help expand network coverage and provide more secure services. This chapter contains a roundtable with...

Given rapid growth in other sectors of the economy, fishing and farming’s relative contribution has decreased in recent years, falling from 2.8% of GDP in 1995 to 1.1% in 2012, however the government is aiming to spur sector growth and boost this to 5.1% of GDP by 2020. Steady increases in crop and livestock yields have raised self-sufficiency levels; as of early 2013, Oman produced 75% of its...

Regular rises in the minimum wage, the most recent of which took place in July 2013, have increased overall purchasing power in the sultanate. Other factors, such as a rising number of expatriates and tourists, the growing appeal and awareness of international trends, low market saturation, political stability and high oil prices have attracted major investments by international retailers that...

As oil reserves continue to draw down, the government is focusing on downstream processing and developing a complementary port infrastructure and transport net- work. By 2020, the government aims for industry to contribute 30% of GDP and to reduce oil’s share of GDP from 50% to 19%. The discovery of mineral resources presents further opportunity in mining growth. This chapter contains...

The market saw a rapid slowdown after 2008, as investors backed away from the Gulf and economic growth tapered. However, from 2012, development has picked up to meet resurgent demand, and major projects are being rolled out in all sectors. Economic expansion, a growing population and increasing interest from foreign investors are driving a strong recovery in Oman’s real estate market. Expansion...