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Oman maintains robust growth in construction sector: report
(MENAFN) BMI Research reported Oman to have maintained its healthy growth in its construction sector, "easily" leading ahead in the MENA region when it comes to the sector.
The good performance in Oman's construction sector is to keep going over the next five years, with the support of several factors that include rules that boost foreign investment along with a diversification strategy.
The report said "investment into port infrastructure will form an increasingly important means of facilitating economic diversification in GCC countries over the coming years, as they seek to mitigate the effects of low hydrocarbon prices and boost their appeal as logistical and trading hubs."
It added "we expect this trend to be particularly salient in Oman, as the government looks to capitalise on the country's favourable geographic location."
The good performance in Oman's construction sector is to keep going over the next five years, with the support of several factors that include rules that boost foreign investment along with a diversification strategy.
The report said "investment into port infrastructure will form an increasingly important means of facilitating economic diversification in GCC countries over the coming years, as they seek to mitigate the effects of low hydrocarbon prices and boost their appeal as logistical and trading hubs."
It added "we expect this trend to be particularly salient in Oman, as the government looks to capitalise on the country's favourable geographic location."
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