Increased investments in telecommunications infrastructure are set to improve Papua New Guinea’s internet capacity, extending coverage across the country and paving the way to roll out 4G LTE services.
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Buoyed by a phased $1.5bn funding pledge from the IMF, Sri Lanka has its sights set on building economic momentum and improving investor sentiment in the coming months.
Economic view | John Brash, Founder and CEO, Brash Brands, on the role of branding and the diversification of Gulf economies
6 Jul 2016
John Brash: Diversification has been a deliberate policy of GCC governments for some time. The drop in hydrocarbon revenues actually shows this to have been apt and robust. So while the doom-and-gloomers would have us think the region was forced to diversify, it is actually the opposite: a case of foresight being proven. The result is that the GCC has, in the main, been able to ride out the fall in oil prices with typical panache.
Tourism is set to take on a pivotal role in the Saudi Arabian economy, with business, leisure and faith-based travel all identified as vehicles to raise the industry’s profile and generate both revenue and employment.
The arrival of new supermarket chains in Kenya highlights the potential of the country’s retail sector, though a congested project pipeline – concentrated largely in Nairobi – could result in a slowdown in retail rentals in the medium term.
Sri Lanka is looking to boost its public transport infrastructure, particularly in Colombo, amid rising passenger numbers and increased road congestion.