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Pandemic impacts continue to challenge Oman s real estate market
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Omani jewellery designs go chic
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Here are the rules cafes and restaurants should follow
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Rotana to manage 250-room hotel in Al Mouj, to open 9 hotels by 2020
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By Staff Reporter MUSCAT: April 25 - Oman is making waves at the Arab Travel Meet in Dubai with Ministry of Tourism, the two national airlines and companies. While the ministry won an award for its communication through the social media, SalamAir won the award for ‘Upcoming Business’. Also on the sidelines, Rotana, the hotel management company, signed a management agreement with Oman’s Golden Group Holding (GGH) for a new project in Muscat.
As per the details, the agreement was signed by Nasser al Nowais, Chairman, Rotana, and Shaikh Salim bin Ahmed al Ghazali, Chairman of Golden Group Holding, in the presence of Maitha al Mahrouqi, Under-Secretary, Ministry of Tourism, Dr Khalid bin Said al Jaradi, the Ambassador of the Sultanate of Oman to the UAE, Shaikh Salem bin Samhan al Kathiry, Manager of the Commercial Office of Sultanate of Oman in Dubai and senior executives fr
Sultanate’s real estate market to stabilise in 2018
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Oman’s GDP growth is expected to rise to 5.2 per cent next year, aided by the introduction of natural gas production at the Khazzan gas field and the opening of the new airport in Muscat. This will mark the strongest rate of expansion since 2015 and, in turn, should filter down to help steady the country’s property market, according to leading international real estate consultancy, Cluttons.
The Cluttons Muscat Winter 2017/18 Property Market Outlook indicates that Oman’s economy, like many of its Gulf neighbours, is still working its way through a challenging period, triggered by the shock collapse in oil prices in 2014. The country, however, is embarking on a journey to wean itself off its dependence on oil revenues through diversification efforts and positive government intervention.