Leaders Oman: Tourism growth in the Sultanate

Tourism can help Oman to diversify its economy, but care must be taken to preserve the country’s heritage

SPECIAL REPORTS, Projects, Economy, Leaders in Construction Oman, Oman, Tourism

Delegates at this year’s summit universally agreed that in the face of ongoing oil-price stagnation, Oman must diversify its economy. Many have touted tourism as a potential avenue for growth. With this in mind, panel moderator Bill Smith, partner at Pinsent Masons, asked whether current demand justifies Oman’s hotels pipeline.

“If Oman wants to build hotels, I think there is definitely demand there,” said Simon Chambers, partner at GAJ Architects. “The GDP of Oman is $80bn; the UAE’s is $400bn. Yet both countries are growing at the same rate. I think there is huge potential for [more] hospitality projects in Oman.”

Khalid H Al Mahrooqi, COO of Oosool Development agreed with this assessment, stating: “[In light of] the oil prices, the only thing we can do is open up to investment. Tourism is one of the best investments, and Oman has ample potential.”

But Chambers warned Oman not to lose the qualities that make it appealing to tourists.

“I think there is definitely an appreciation of heritage in Oman. The old parts of Muscat [are] just stunning. [They haven’t] been demolished [and they] must be preserved,” Chambers told the audience.

Most popular


Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020