With solid growth in arrivals projected for the next few years, Oman is preparing to accommodate an increase in demand with new hotel developments.
The Middle East
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Government investments in the transport sector are set to expand capacity at Kuwait’s ports over the next several years. Progress is being made on the new Mubarak Al Kabeer (MAK) port, while other infrastructure projects – including a 36-km causeway that will link Shuwaikh Port with Boubyan Island – are moving ahead.
With a rule requiring Abu Dhabi government employees to live within the emirate set to come into effect in September, demand for residential real estate is expected to climb. However, certain segments of the market – particularly at the low end – remain soft.
A by-product of rapid economic growth, the volume of solid waste generated by Qatar has been increasing steadily in recent years. While the government is looking to reduce this output by encouraging waste minimisation and recycling efforts, investments in additional processing facilities will likely be necessary.
The tourism industry in Turkey is still trying to assess the medium-term cost of a wave of anti-government protests at the end of May and through June, but recent figures suggest at least some holiday-makers are choosing to forego a visit this summer.
While Kuwait’s FDI figures were up in 2012, far more capital still leaves the country each year than enters it. However, the government is working to reverse this, in part by improving the legal framework for foreign investment.