The Business Year

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Ajay Ganti

CEO, SARCO Oman

Over the past two years, the primary growth product has been mobile phones. From 2010 to 2011, there was three fold growth and from 2011 to 2012 business tripled again. That is one of the major contributors. Also, the audio-visual segment has grown on average in excess of 30%-40%. IT has been growing steadily, and during 2013 we have seen huge growth.

Kim Jepsen

General Manager, Markaz Al Bahja Mall

Our rental rates have gone up significantly. Despite the high volume of retail space that has flooded the market, quality retail space has maintained its value. Our vision keeps the desires and requirements of our core customer base at the forefront of this shopping mall’s design and retail offering.

Ajay Chopra

Managing Director, Ajay Chopra

The medium-term strategy is to build our service centers and to build the white goods segment. OTE is already number two in the white goods sector in the country. We also intend to add to our manufacturing capabilities. We will go into Sohar Free Trade Zone and are looking at some of these redistribution centers here through which we can enter the Middle East as a market.

Michael E. Hansen

Al Futtaim Country Head-Oman, OMASCO

The more Omanis who work, the more retail develops in the country. There’s much more money being spent in the country as a whole. There is significant growth in new housing with the related expenditure on air conditioning, home appliances, and electronics.

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