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This news item is AI-rewritten from public sources for GCC context. For informational purposes only. Not investment advice, a solicitation, or a recommendation. Consult a licensed financial advisor before making any investment decision.
GCC CONTEXT
Islamic finance mechanisms—including sukuk issuance, Sharia-compliant project financing, and waqf (endowment) structures—have historically enabled large-scale infrastructure and hospitality development across the GCC by aligning capital flows with religious governance frameworks that appeal to both regional and international investors. Oman's tourism sector, which has grown steadily from approximately 1.8 million arrivals in 2018 to over 2 million annually by 2022, has relied partly on conventional project finance but faces capacity constraints in scaling accommodation and transport infrastructure; Sharia-compliant instruments offer an alternative funding avenue with established precedent in Saudi Arabia's Vision 2030 tourism initiatives and the UAE's resort and hospitality expansion. The
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