Why Oman
Oman is strategically located at the crossroads of major international shipping routes, providing significant opportunities for trade and investment while facilitating access to key markets in the Middle East, Africa, and Asia. Oman boasts a rapidly developing economy, driven by:
Strategic Location
Oman's strategic location at the crossroads of international trade routes provides easy access to global markets.
Political Stability
Oman offers a stable and peaceful political environment, ensuring security and confidence for investors
Economic Diversification
The implementation of Oman Vision 2040 aims to diversify the economy, reducing dependence on oil and advancing non-oil sectors
Investment-Friendly Policies
Oman has investor-friendly policies, including tax incentives, free trade agreements, and streamlined procedures for setting up businesses
Robust Infrastructure
Oman boasts modern infrastructure, including ports, airports, roads, and telecommunications, supporting business operations
Skilled Workforce
Oman's skilled and educated workforce contributes to the growth of various sectors, meeting the demands of a dynamic economy
Natural Resources
Abundant natural resources, including oil, gas, minerals, and renewable energy, offer diverse investment opportunities
Quality of Life
Oman offers a high quality of life with modern amenities, healthcare facilities, education, and cultural landmarks, attracting expatriates and investors
Oman economy
Invest in Prosperity
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Stable Growth
Oman's economy boasts a budget surplus and stable growth, with a surplus exceeding 2.2% of the 2023 GDP, and an expected annual growth rate of 3.5% for 2024 and 2025 (IMF forecast)
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One of the world’s strongest currency
The Omani national currency is pegged to the USD at a fixed rate since 1986, with 1 OMR equaling 2.6 USD
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Member of OPEC +
Top 20 oil-producing and exporting countries and is a member of OPEC+
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Investment Grade Credit rating
Oman's sovereign ratings are on the rise with S&P BBB- with a stable outlook
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Diversification
Economic diversification is a priority with the implementation of Oman Vision 2040, focusing on developing non-oil sectors, with special emphasis on the financial services industry
Vision 2040
Introduced by the former Sultan Qaboos bin Said in 2013, Oman's Vision 2040 was ratified by Sultan Haitham bin Tariq al-Said in 2020, officially taking effect on January 1, 2021
Oman Vision 2040 is the Sultanate’s gateway to overcome challenges, keep pace with regional and global changes, generate and seize opportunities to foster economic competitiveness and social well-being, stimulate growth and build confidence in all economic, social and developmental relations nationwide
His Majesty Sultan Haitham bin Tariq al-Said
Invest Oman
National Priorities
Sustainable Omani Economy
While identifying the national priorities of the future vision, we focused on reshaping the relations and roles between the public, private and civil sectors to ensure effective economic management; In addition to a developed, diversified and sustainable Omani economy
Global Trade
The Sultanate is striving to become a developed country, to build a productive and diversified economy, founded on innovation and the integration of roles, on equal opportunities and the leveraging of Oman’s competitive advantages, driven by the private sector towards synergy with the global economy and active contribution to global trade
Diversification Of Public Revenues
Such an economy would achieve comprehensive and sustainable development, based on an effective economic leadership, one that operates within a coherent institutional framework of economic policies and legislations that are responsive to changes, with the aim of achieving financial sustainability and the diversification of public revenues
Foster investment Partnerships
The Sultanate seeks to foster investment partnerships between the Omani private sector and the international business community to attract quality foreign direct investment. To be done in a way that meets the new global demand and supports the Sultanate position as a global trade hub
Goals
A competitive business environment that attracts investments, in which the government assumes a regulatory role coupled with successful, efficient and seamless management
Flexible and facilitated financing patterns that keep pace with global developments and respond to investment needs
An effective partnership between government and the private sector to improve production efficiency
