AboutOman

 

With a population of over 4.5 million, the Sultanate of Oman is characterised by its sustainable economic environment, excellent infrastructure and competent human resources. Although oil and gas sector represents one of the major sectors of the Omani economy; nevertheless, the Sultanate of Oman has a dynamic and diversified private sector covering several activities including manufacturing, agriculture, mining, textiles, retail, tourism, transport, fisheries, among others. 

​The​ Sultanate enjoys​​ investment components that facilitate, encourage and attract local and foreign investments. Its strategic location and world-wide commercial linkages play a major role in opening up the horizons of investment and free trade opportunities. Moreover, the Omani government is undertaking constant efforts to develop sound legal framework that support and encourage local and foreign investments. To achieve this, Oman has signed a Free Trade Agreement (FTA) with the USA. Oman is also an active member of the Greater Arab Free Trade Agreement (GAFTA). As a member of the World Trade Organisation (WTO), Oman represents a dynamic investment destination that is well connected to the markets in the Gulf, the Middle East, Asia and Africa.

With the aim of providing a perfect investment climate in Oman, the government has been undertaking comprehensive investment approaches over the last five decades. Under the wise leadership of late His Majesty Sultan Qaboos bin Said, an intensive focus has been placed to achieve sustainable development across all sectors. His Majesty Sultan Haitham bin Tarik now leads the Sultanate in the same line as the late sultan towards greater success and prosperity.In order to achieve economic diversification and take advantage of the strategic geographical location of the Sultanate, the government established a line-up of international airports, ports and economic zones (illustrated below) throughout the country.