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GCC CONTEXT
Al Mouj Muscat, Oman's largest leisure and residential development, reflects the structural shift in GCC economies toward diversification away from hydrocarbon dependency, with real estate and tourism infrastructure serving as material contributors to non-oil GDP growth. Large-scale integrated developments of this type have historically demonstrated multiplier effects across construction, hospitality, and services sectors in the Gulf, while also anchoring foreign direct investment and employment in host nations. The scale of documented GDP contribution—RO 878 million—underscores how capital-intensive leisure projects now function as primary economic anchors in sultanate-level fiscal accounting, particularly relevant as Oman navigates fiscal consolidation and revenue diversification objecti
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