In January 2016 the Oman Supreme Council for Planning published the sultanate’s ninth five-year plan, covering 2016 to 2020. The plan is the final component of the government’s long-term Vision 2020 development strategy, focused on reducing reliance on the energy sector’s contribution to GDP and boosting non-petroleum industrial activities...
Sentiment in Oman’s real estate sector remains cautiously upbeat in the face of a downturn in the global price of oil and the consequent impact on government expenditure plans in the sultanate. Residential rental prices have softened in some areas, with landlords preferring to trim prices to avoid untenanted periods in their properties, but in...
Faced with lower oil revenues than in previous years, it is perhaps unsurprising that the government of Oman should look to more vibrant areas of the economy as a source of additional tax revenues. However, when the Ministry of Housing hiked real estate transaction fees for sales and leasing in February 2016, from 3% to 5% of the land value,...
Responding to growing concern over traditional methods of handling municipal solid waste (MSW) that contribute to environmental and health issues, the sultanate’s state-owned waste management body, the Oman Environmental Services Holding Company – also known as Be’ah – has launched a waste management plan expected to generate investments of up...
With demand growth projections for potable water in Oman steady at 6% through to 2020, the Public Authority for Electricity and Water (PAEW), in cooperation with Nama Group subsidiary the Oman Power and Water Procurement Company (OPWP), are implementing strategies aimed at increasing capacity to meet shortfalls, particularly in the northern...
Driven by rapid industrialisation, a growing population base and state-funded investments in major infrastructure projects, demand for electricity and water has surged in Oman over the past decade. Peak power demand on Oman’s Main Integrated System (MIS) has more than doubled since 2006 and water demand has almost tripled, according to Finnish...
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