MUSCAT: Broadband market in Oman is ripe for growth as an emerging tech-savvy generation of entrepreneurs drives up demand for cutting edge technology, according to Ross Cormack, Chief Executive Officer of the telecommunications provider Nawras.
Cormack told Oxford Business Group (OBG), the global publishing, research and consultancy firm, that a growing number of Omanis were keen to have full, fast internet access both at work and at home.
"Broadband devices are the future for the development of information and Communications technology (ICT). Wherever you go, you should be able to access high speed internet easily and efficiently," he said. "There is a vibrant base of business leaders in Oman and having the technology already available for them can only help to boost entrepreneurship further."
Cormack was speaking to OBG as part of the research for The Report: Oman 2012, OBG's forthcoming analysis of the Sultanate's economic activity and investment opportunities. The Group's report will include a detailed, sector-by-sector guide for foreign investors, together with a wide range of interviews with the most prominent political, economic and business leaders.
The Prime Minister of Singapore Lee Hsien Loong, the Director General of UNESCO Irina Bokova, the Executive Director of the World Bank Mirza Hasan and the President and CEO of the National US-Arab Chamber of Commerce David Hamod will also give their views on Oman's economic development in the new report.
Cormack believes demand for interactive broadband services and progress
made in improving connectivity are already propelling a shift towards multi-media usage as the drive to connect all Omanis gathers strength.
"Trends are showing a huge shift from linear television towards entertainment and social media on internet, fixed and mobile and we believe interactive broadband services will encourage this move to grow," he said. "Major advancements have been made to the fibre for home technology in Oman."
Work on fibre to the home services is being carried out in collaboration with Haya. While they are in the process of laying lines to homes as part of their extensive programme to upgrade the water transmission system, fibre optic cables are going into the ground at the same time, to be leveraged for future communication needs.
Cormack believes demand for broadband is being fuelled in part by the growing number of smart phone users who are looking to gain full access to the services. "Leisure has changed people's lifestyle and smart phones reflect that," he said. "In this context, more broadband access has to be provided, since people naturally want to use these new technologies to their full extent."
The Report: Oman 2012 will mark the culmination of more than six months of on-the-ground research by a team of analysts from OBG.
It will provide information on opportunities for foreign direct investment into the Sultanate's economy and will be a guide to the many facets of the country, including its macroeconomics, infrastructure, banking and sectoral developments. The Report: Oman 2012 will be available in print form or online.
Oxford Business Group is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of the Middle East, Africa, Asia, Eastern Europe and the Caribbean.
Through its range of print and online products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms.
Muscat Press and Publishing House SAOC 2011
Provided by Syndigate.info an Albawaba.com company
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