The Global Crisis and Impact on the Real Estate Sector

Bruce Palmer, managing partner of Curtis' Muscat office, was a speaker at a recent program titled "The Global Crisis and Its Impact on the Real Estate Sector". The seminar, which was held on Saturday, February 28, 2009, was the first in a planned series known as the Oman Investment Forum. The goal of this seminar was to address vital issues that concern the Oman economy, the regional landscape and the personal holdings of individual investors. Palmer's presentation focused on the weaknesses that the GCC governments must address in light of the current financial crisis. More specifically, he examined some of the loopholes in the real estate regulatory regimes in the UAE and Oman which need to be corrected.