Five reasons to live in Muscat, Oman | FT Property Listings:
Oman, like other Gulf Co-operation Council (GCC) states, depends on oil and gas sales, which account for about 70 per cent of government revenue. However, Sultan Qaboos bin Said al Said’s government is attempting to diversify the economy. Under the Tanfeedh initiative, 160 private and public organisations are investing in various sectors, including OR10m ($26m) in manufacturing, nearly OR2m in tourism and OR1.5m in logistics.
Tourism alone is expected to have generated 45,000 new jobs by 2020, up 80 per cent compared with 2016, when the project launched.
Muscat itself is the site of the Mall of Oman, a 145,000 sq m shopping centre due to open in 2021 and seen as a milestone in Oman 2040, another modernising initiative.
No comments:
Post a Comment