Food consumption across the GCC region is set to increase by over 3% annually over the next five years, according to a report released by finance house Alpen Capital. In Oman, an expanding youth population, combined with a rise in the number of expatriates and growing disposable incomes, has fuelled the growing demand for protein. While the...
A long-standing pillar of the economy, the fishing and farming sector remains one of the sultanate’s major employers. To keep up with changing times, however, Oman is now allocating significant resources to modernise the sector, focusing on agro-business, aquaculture and marine infrastructure, which will require innovation and the development of...
When it comes to luxury goods, the GCC is one of the main drivers of global growth, with the region accounting for sales of $8bn in 2011, up 30% year-on-year, according to the “Retail International” report put out by Alpen Capital in December 2012. The outlook for the segment remains broadly positive as well, with a forecast compound annual...
Oman’s economic revival, and the prospect of a wide range of investments over the coming years, is driving demand in the office property sector. During the economic slowdown from 2009-11, some companies downsized, and much space remains unoccupied. But rents are picking up again for the better properties.
With a range of big-ticket projects coming on-stream as the country gears up its economic diversification strategy, Oman’s construction sector is seeing something of a resurgence. The market is highly competitive, thanks in no small part to the government’s encouragement of foreign and private sector participation. This is in turn squeezing...
For decades the energy sector has acted as the key driver of Oman’s economy and it continues to take centre stage in the sultanate’s development. A major magnet for foreign investment, and home to a range of growing domestic players, the sector looks set to continue attracting attention as Oman aims to accelerate growth and meet rising domestic...
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