Your Official Gateway to Invest in Oman
At the centre of the east-west nexus joining markets in Europe, Asia and North America in addition to close proximity to Africa.
Monarchy led by his Majesty Sultan Qaboos who commands popular support. Sound economic management strict control over public debt, inflation and rate of exchange.
Government focus on diversification, industrialisation and privatisation to reduce reliance on hydrocarbon revenues.
Investor-friendly legislative environment.
Signatory to WTO, GCC common market, GAFTA, FTAs with USA, Singapore, Iceland, Norway, Switzerland and Lichtenstein.
100% foreign ownership in free zones and 70% in most sectors.
100% foreign ownership in free zones and 70% in most sectors
No restriction on capital or profit repatriation, currency exchanges or dividend transfers.
Exemptions on import of plant, machinery and raw materials for 5 years from commencement of production.
No restriction on capital or profit repatriation, currency exchanges or dividend transfers.
The Sultanate of Oman is richly endowed with stunning vistas and a rich cultural heritage. As a peaceful and unique destination, regional and global interest in Oman as a tourist destination continues to gain momentum.Oman Tourism Development Company (Omran) is a Government owned company mandated to drive the investment, growth and development of the rapidly growing tourism sector in the Sultanate of Oman.
Oman is the largest fresh fish producer in the GCC. Landings, over the past five years have averaged 204,800 tonnes and valued at US$446.8m. Government investments into Oman’s budding fisheries and aquaculture segments have drawn investor attention.
Manufacturing has been helping drive economic growth and raise living standards for almost three centuries. And today it continues to grow, accounting for approximately 16% of global GDP and 14% of employment. In Oman, manufacturing as we know it started in 1975 and currently the sector employs 61,000+ people and exports to 140 countries. In 2015, made in Oman non-oil exports reached US$8bn, up from US$680m in 2002 and accounted for 9.5% of Oman's GDP.
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The logistics sector plays a vital role in Oman’s modern and ambitious economy and is key to increasing inward investment, non-oil exports and the nation’s competitiveness.
Logistics isn’t only an important sector in its own right but also a critical enabler for businesses of all sizes operating across the sultanate - from the gypsum quarry in Thumrait, hypermarkets in Seeb, battery manufacturer on Rusayl Industrial Estate, the pelletizing plant in Sohar to the plastics exporter on Salalah Free Zone. A well-oiled logistics sector provides Omani businesses and manufacturers with ways to increase efficiency, go greener and drive profits.
Geographically, Oman is naturally endowed with more mineral wealth when compared to its Gulf neighbours and is also well known for its copper mining since time immemorial. In ancient times Oman was known as 'Majan' or 'the Land of Copper'. The largely untapped mineral sector of Oman is now known to be rich in chromite, dolomite, zinc, limestone, gypsum, silica, gold, cobalt and iron and the Mining Sector is now expected to become a major non-hydrocarbon contributor to the Omani Economy in the years to come.
The Ministry of Commerce and Industry regulates Oman’s mining activities according to the Mining Law (Royal Decree No. 27/2003), which provides for the issuance of mining licenses, the resolution of mining sector disputes, and the protection of the environment.
The other areas of investment in Oman include Healthcare, Real estate, Education & Training, Information & Communications Technology and Food processing. With new policies and regulations, these sectors continue to be a profitable investment destination apart from Oil & Gas, Tourism and Manufacturing.
The Sultanate of Oman wishes to integrate with the global economy through bilateral, regional and multilateral economic cooperation. In this context, the Sultanate joined the World Trade Organization (WTO) in 2000. The Sultanate's accession to the World Trade Organization (WTO) has given the Sultanate many advantages in integrating and benefiting from the global economy.
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