Oman is the second largest state in the Arabian Peninsula and is a founding member of the Gulf Cooperation Council (GCC). As such, foreign investment is increasing in Oman as international firms recognise the growing opportunities related to the Sultanate’s massive infrastructure investment program.
The investment climate is improving, non-oil economic growth is growing year on year, reflecting major infrastructure-related activity and the Sultanate’s success in promoting downstream manufacturing in its free zones.
Advantages of investing in Oman include:
- Oman’s geographic location, just outside the Persian Gulf and the Strait of Hormuz, along busy shipping lanes carrying a significant share of the world’s maritime commercial traffic, with convenient access and connections to the Gulf, Africa, and the subcontinent.
- The steady and ambitious investment by the Government of Oman in the country’s infrastructure, including manufacturing free zones, seaports, airports, rail, and roads, as well as in its health care and educational systems and facilities.
- Oman’s business-friendly environment, including the Oman Free Trade Agreements with the U.S and Singapore.
- A modern business law framework.
- Respect for free markets.
- Contract sanctity, and property rights.
- Relatively low taxes; and a one-stop-shop at the Ministry of Commerce and Industry for business registration.
- The educated and largely bilingual Omani work force.
Oman has an excellent quality of life. As a country to live and invest in it is a safe, modern, friendly and scenic one, with outstanding international schools, a wide array of consumer goods, modern infrastructure and a convenient and growing transportation network.