Oman Set to Rival Dubai for Real Estate and Tourism
Oman is looking to follow in Dubai’s footsteps by establishing itself as a centre for global tourism and real estate investment. Both sectors in the Sultanate of Oman are looking more attractive to investors as they are set to receive significant foreign capital over the next few years.
A high-profile business convention was held in Oman recently to discuss the expansion of the sectors. ‘Oman: Building a New Future’ was held in association with Sama Dubai, the international real estate investment and development arm of Dubai Holding, an organisation that has played a large part in Dubai’s recent success in attracting tourism and investment. Speakers at the forum included government ministers and respected executives from the banking and real estate investment world.
A representative from Oman’s Ministry of National Economy at the forum was quoted as saying, “The Sultanate of Oman is one of the fastest growing economies in the region, and tourism and real estate sectors should create a tremendous opportunity for the nation.”
Oman’s economy has seen a realistic, yet steady growth since the beginning of the 1970s, with corporate profits climbing dramatically. The economic and business environment is considered to be continuing to improve in part due to a government that is responding positively to globalisation. The leading bank in Oman, BankMuscat, has recently been listed on the London Stock Exchange.Foreigners are allowed to buy properties in selected areas of the Sultanate of Oman and leading local banks are now offering financing to Oman nationals and expatriates alike.
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A high-profile business convention was held in Oman recently to discuss the expansion of the sectors. ‘Oman: Building a New Future’ was held in association with Sama Dubai, the international real estate investment and development arm of Dubai Holding, an organisation that has played a large part in Dubai’s recent success in attracting tourism and investment. Speakers at the forum included government ministers and respected executives from the banking and real estate investment world.
A representative from Oman’s Ministry of National Economy at the forum was quoted as saying, “The Sultanate of Oman is one of the fastest growing economies in the region, and tourism and real estate sectors should create a tremendous opportunity for the nation.”
Oman’s economy has seen a realistic, yet steady growth since the beginning of the 1970s, with corporate profits climbing dramatically. The economic and business environment is considered to be continuing to improve in part due to a government that is responding positively to globalisation. The leading bank in Oman, BankMuscat, has recently been listed on the London Stock Exchange.Foreigners are allowed to buy properties in selected areas of the Sultanate of Oman and leading local banks are now offering financing to Oman nationals and expatriates alike.
If you wish to see the original article please click here
posted by Obelisk International at 1:29 pm
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