Oman has all the ingredients for becoming the Gulf’s most attractive tourist and living destination, but projects remain prey to the vagaries of local politics, as well as more recent credit crunch concerns. A case in point seems to be the legal dispute over ownership of Blue City – said to be the Sultanate’s largest real estate development, costing an estimated $20bn – that for more than three years has pitted Bahrain’s Al-Janahi business family against the local Cyclone company.
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