Aided by easier and cheaper travel, global tourism has experienced two decades of almost uninterrupted growth. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687m to 1.57bn per annum. With the global middle class estimated by the US-based think tank Brookings Institution to be...
Niche tourism is a key feature of the National Tourism Strategy 2040 (NTS) created by the Ministry of Tourism (MoT) and the National Programme for Economic Diversification (Tanfeedh), the two initiatives that have guided the sector since 2016. Examples of niche segments include sports – sailing, fishing and adventure sports – as well as...
The Oman ICT Group (OICT Group) was founded in early 2019 under the auspices of the State General Reserve Fund, which is the largest of the country’s sovereign wealth funds. The group is a high-profile umbrella organisation that brings together companies and other public- and private-sector stakeholders involved in ICT to create an environment...
ICT was identified by the government as a key component of the sultanate’s long-term economic development strategy, Vision 2040, which calls for enhancing national technical capabilities, constructing vital ICT infrastructure and improving governance through the use of e-services. Therefore, a renewed focus is under way as authorities work to...
Blockchain – the distributed-ledger technology that underpins cryptocurrencies such as Bitcoin – appears set to transform a wide variety of industries and perhaps fundamentally change the way business is conducted around the globe. While the technology is still taking off and its potential is not fully known, many emerging markets are hoping...
How is the ICT sector evolving in line with global trends, and what factors will lead to its success?
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