Oman is an important Arab state that enjoys a strategic position in Southwest Asia. Officially known as the Sultanate of Oman, it is surrounded with Saudi Arabia, Yemen and United Arab Emirates (UAE). Muscat, the capital city of Oman, is one of the most prosperous cities in the region. Over the past few decades, the country has seen a rapid growth in infrastructure and other sectors.
Be it Power and Water, Electricity, IT or Tourism, a number of projects are coming up in all the sectors in Oman. In the first half of 2014, The Tender Board of Oman has awarded projects worth OMR 616.3 million. Most of these projects are aimed at reducing traffic congestion in the country and to encourage social rapprochement. In the later part of 2014, more tenders are expected in the area of electricity, health and housing.
There is great potential in the tourism sector and the government is committed to attract more investment in this sector. The Ministry of Tourism recently announced floating 22 locations for tourism investment.
These projects provide excellent investment opportunities to the investors. You can visit a reliable tender information website to know more about Oman government tenders and projects.