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.
Fuelled by Peru’s economic performance, the construction sector continues to see expansion at several levels. Mechanisms to attract private investments into infrastructure revamping are bringing essential facilities, such as ports and airports, up to standard. The utilities and energy sectors are seeing increased attention, which is needed to support urban expansion and...
As the country strives to resolve a pending housing deficit, the stable growth of the economy is prompting a new dynamism in the higher segments of the market. This is supporting continued sales of new homes, as well as efforts by builders and promoters to continue to satisfy demand. But challenges remain, with rising land prices encouraging a greater concentration of...
To what extent can construction help reverse the decline in foreign direct investment (FDI)?
As with several countries in the region, Peru has been channelling the proceeds of its economic performance into the development of infrastructure. Through its public-private partnership (PPP) model, strategic infrastructure such as airports, port and roads has been on the receiving end of private financing and programmes aimed at enhancing managerial skills to improve...
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