Newly introduced legislation regulating the activities of companies in Oman will increase transparency and oversight, while also serving to encourage more local firms to list on the country’s stock exchange.
The Middle East
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Significant progress has been made on two mixed-use real estate projects being built in Bahrain’s north-east, as the kingdom looks to major developments to help unlock its economic potential.
Bahrain has continued to incentivise growth in financial technology (fintech) following the introduction of new regulations that will allow lenders to expand and upgrade their digital offerings.
Following the success of compulsory medical insurance policies in other Gulf states, Oman has initiated the rollout of its own national mandate.
Abu Dhabi has unveiled a series of programmes aimed at boosting food security by encouraging innovation in the agri-tech and processing segments, while also incentivising international food firms to establish a presence in the emirate.
Rising energy demand and a commitment to divert hydrocarbons to processing and export has incentivised a shift toward renewables in Saudi Arabia, with the Kingdom set to become the region’s largest market for wind energy components and services.