Oman Review

Oman’s economic plan for the long term looks promising. And while a bulk of its budget will be invested in transport, the country is looking to diversification with industry and tourism getting healthy allocations, says DHUSHYANTHI RAVI.

Oman projects at a glance:

AFTER a series of delays, Oman’s showpiece civil construction project – the expansion and modernisation of Muscat International Airport – is now well and truly on the road to completion.

WITH the recent award of the construction contract for a four-star hotel at the Oman Convention and Exhibition Centre (OCEC) project, Oman Tourism Development Company (Omran) has set the ball rolling on yet another key aspect of the prestigious fully integrated conventions precinct in the capital Muscat.

LUXURY residential properties worth an estimated $455 million are expected to be developed across the sultanate and the wider Middle East over the next five years by a newly established joint venture set up by Al Raid Group, one of Oman’s largest corporations, and leading British luxury property developer Consero London.