Although Oman’s office real estate segment is generally characterised as being oversupplied, the market still presents opportunities for construction firms. Indeed, much of the market’s oversupply is in lower- to mid-range quality office space, while the availability of higher-quality real estate that meets the needs of multinational firms is still relatively limited. A...
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Articles & Analysis | Down to business: Free zones attract commercial real estate investors from The Report: Oman 2013
Still high on Bahrain’s agenda is to bridge the shortfall in affordable housing through a mix of increased funding and greater involvement by the private sector. The twin benefits are seen as boosting the construction industry and contributing to social instability.
While 2013 will produce a number of challenges for Malaysia’s construction sector, including a degree of uncertainty surrounding the approaching election and a shortage of workers, the industry is still expected to post a decent performance this year.
At the base of the Arabian Peninsula, occupying a landmass slightly larger than Italy, Oman is the largest country in the GCC after Saudi Arabia. In recent years, the non-OPEC oil exporter’s economy has been undergoing a steady transformation, reorienting from oil toward a more diverse set of service and industry-based economic activities. So far, progress has been promising. In 2011 oil and gas accounted for 38.8% GDP.
Chapter | Construction from The Report: Oman 2013
A range of construction projects lies at the heart of Oman’s growing economic development. The construction sector contributed more than OR307m ($800m) to the economy during the first quarter of 2012, showing growth of almost 4% when compared to the same period in 2011. While many projects in Muscat are focused on increasing the city’s tourism appeal, construction related to industrial and...
Articles & Analysis | There’s no place like home: Affordable housing schemes for middle-income buyers from The Report: Malaysia 2012
Amid a constant stream of higher-end housing supply, Malaysia’s middle-class home buyers have often found themselves priced out of the market. “In the Malaysian residential market, there have long been significant offerings in the low-end market, around RM60, 000-RM150,000 ($19,356-48,390), and high-end properties above RM500,000 ($161,300). But...