Over the past few years Myanmar has experienced a number of dramatic transitions that have restructured its economy, rapidly changing its unique landscape and gradually enriching the social welfare of its people. These changes have placed modern-day Myanmar back on the international investment radar and have seen the nation coined “the Last Frontier”.
According to the National Centre for Statistics and Information, the average Omani household income increased from $1660 a month in 2000 to $3050 a month in 2011. While a significant number of higher-income citizens have helped sustain the growth in the luxury real estate market, there remain gaps in housing for lower income groups. The government of Oman has therefore...
How has the integrated tourism complex (ITC) model facilitated real estate sector growth?
The last years have marked a period of revival and recovery for Oman’s real estate sector following the global financial crisis. The country is now poised to consolidate progress and anchor economic growth. Real estate values have been rising across the board, while the number of transactions in the rental markets surged in 2013-14. Regional and local private sector...
Oman’s real estate market has shown resilience following the global financial turmoil and is poised for future expansion as economic growth in the sultanate drives local demand. In 2013 the sector grew 6.1% over 2012 and forecasts indicate this trend will continue. Increasing numbers of integrated tourism complexes are attracting foreign investment into the sector, particularly the high-end...
Although the sultanate’s petroleum wealth has traditionally provided a backbone for growth, efforts are well under way to diversify away from hydrocarbons. Oman Vision 2020 has laid out plans to boost industrialisation within the sultanate and to encourage the private sector to take a more active role in the economy and in the provision of jobs, both of which are billed as key drivers for growth.
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