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.
What impact will Oman’s young population have on the real estate sector and job creation?
Economic expansion, a growing population and increasing interest from foreign investors are driving a strong recovery in Oman’s real estate market. After a dip caused by the global financial crisis, an initially slow revival is gaining momentum. Segments including integrated tourism complexes (ITCs) and higher-end residential and office space...
Oman’s economic revival, and the prospect of a wide range of investments over the coming years, is driving demand in the office property sector. During the economic slowdown from 2009-11, some companies downsized, and much space remains unoccupied. But rents are picking up again for the better properties.
A diverse country with an intriguing history, the Philippines today is a multi-party, democratic republic, open to foreign investment, and integrated within the regional and international political and economic community.
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