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- Real estate is one of the highest income yielding investments in the Sultanate with its market value expected to hit RO8 billion in 2010 (MENA FN Press, Sept. 2008).
- The GCC region’s investments for property, including leisure and municipal developments, require considerable amounts of interior and exterior landscaping. As such, the region’s spending on garden and landscaping is set to increase up to $16.5 billion towards 2010. It will likewise spur greater demands for relevant materials, products and services.
Office
- Oman’s industrial estate witnessed a boom with total number of factories in 2007 rising to 392 from 234 in 2005; value of investment in industrial estate stood at RO 2.5 million.
- The industrial estate developments in Sohar, Sur, Rusayl, Raysut and Nizwa; the Knowledge Oasis and Salalah Free Zone are continually paving the way to more office spaces and expansion in the country; with RO4 million allocated to the addition of new services at Al Rusayl Industrial Estate and RO10 for new services at Sohar Industrial Estate.
Lifestyle
- Consumption of cosmetics and fragrances in the Gulf States is one of the highest per capita in the world with average purchase estimated at US$ 334 per head. The purchase of the beauty products has been rising at over 19% per year, with skincare accounting for 10-15 per cent.
- The total value of beauty product sales was projected to have reached US$ 2.1 billion in the recent year. Huge expansion in retail space, the increasing number of career women and tax free incomes are factors contributing to the rising growth.
