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With the fall in oil prices underlining the dangers of an over reliance on hydrocarbons revenues, Qatar has continued to forge ahead with its economic diversification drive in 2016. Non-hydrocarbons growth now outstrips hydrocarbons growth, with several big-ticket construction projects, an increasingly dynamic financial services sector and a growing reputation as a tourist destination all fuelling non-oil expansion.

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With low oil prices continuing to take their toll on the Kuwaiti economy, the government is hoping investment in the small and medium-sized enterprise (SME) sector begins to pay dividends.

After posting robust growth in 2015, Oman’s real estate sector has seen prices decline early this year, though sales remain strong in certain segments of the market.

Increased international arrivals and expansion into new segments are key elements in Sri Lanka’s plans to boost revenue in its growing tourism sector, an important earner of foreign currency.

The number of Jordanian exports to the European market is expected to rise following a newly inked deal with the EU that relaxes the rules of origin stipulations.

Orlando Velandia: It is important to stress that since the beginning of the downturn in commodity prices, no oil company has left the country. Nevertheless, there are some issues and challenges that need to be addressed. The country is working to enhance the interests of investors in the energy sector, and we must be more proactive and show that we listen to and address the concerns of investors. 

A rising tide of new investments are expected to underpin growth in Brunei Darussalam’s recovering energy industry, against a backdrop of increasing oil and gas output.