Last year saw a surge in activity on Oman’s Invest Easy portal – a one-stop shop for investment and business procedures – with the authorities also rolling out key reforms aimed at attracting investors.
The Middle East
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Economic update | Qatar’s major works driving growth
28 Feb 2017
The Qatari government has increased its budget allocation for major works this year, with many of the projects being undertaken in preparation for the 2022 FIFA World Cup well under way.
Kuwait’s latest budget will focus capital expenditure on downstream oil and gas activities during FY 2017/18 in a bid to create jobs, offset falling crude export revenue and capitalise on rising regional demand for refined products.
Last year saw Dubai’s retail space grow by 26,000 sq metres, though revenues could remain muted this year as slower economic growth and a stronger US dollar impact trading.
Rising consumer demand and an increased role for the private sector look set to drive expansion and open new doors for investors in Saudi Arabia’s health care industry.
Sharjah is actively increasing its profile abroad through trade shows and high-level diplomatic visits in a bid to bolster existing trade and investment partnerships and build new ones.