The sultanate’s economy continues to enjoy the benefits of petroleum wealth, which has provided budget surpluses in most years and served as a backbone for growth. However, planning is well under way for an era in which oil will not be the main economic driver, with the twin goals of diversification and creating an increased number of private sector jobs at the top of the government’s current agenda.
As it moves to meet its Vision 2020 goals, the government’s strategy for tourism is critical. Objectives include drawing 12m visitors a year by 2020, and the sultanate’s eighth five-year plan, running from 2011 to 2015, highlights specific investment targets, diversification and development strategies, and marketing campaigns to help the...
As it works to diversify Oman’s tourism industry, the government has identified cruise tourism as potentially lucrative and capable of sustained growth. The sultanate’s 3000-km coastline, strategically located ports and visually striking geography render it well poised to capture this growing market. Port Qaboos in Muscat is already benefitting...
In a country the size of Poland, Oman’s rugged, varied and dispersed terrain has historically constituted a challenge to development. For the tourism industry, though, such dramatic scenery has proven to be a strategic advantage, especially as other GCC countries develop their own potential for tourism. Although its neighbours can lay claim to...
More than 5000 people are expected to fill Lima’s prime hotels in October 2015 for the annual meetings of the World Bank and the IMF. Between ministers of finance and central bank governors from 188 member countries, attendees consist of elite tourists with strong buying power and are expected to give commerce and services a significant boost...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×