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Oman is the ideal location for businesses interested in the growing and emerging markets of the Middle East, Africa and Asia. From headquarters and back-offices to manufacturing and logistics,
Oman is genuinely a great place to live, work and invest. It’s diverse – uniquely combining local and global. Our schools are first-class. There’s quality housing, to rent or buy, to suit every budget. Our healthcare is exceptional. Oman came in second in the Global Wellness Index which ranks 151 countries on living standards and how healthy, happy and successful people are. So it shouldn’t come as a surprise that people from all over the world choose to visit, live, work and invest in Oman.
Oman offers people and businesses an outstanding place to live, work, invest and visit.
We have an excellent talent pool of people. Our roads, ports and airports are ranked as some of the best in the world and we boast world-class ICT, manufacturing and business properties. We offer everything an ambitious company needs to succeed. Many international analysts see Oman as an ideal long-term investment opportunity.
Strategic Location
At the centre of the east-west nexus joining markets in Europe, Asia and North America in addition to proximity to Africa.
Diversification
Government focus on industrialization and public-private partnerships to diversify the economy away from oil and gas.
Political and Economic Stability
We are proud of Oman’s legal transparency, economic stability and political tranquillity.
Infrastructure
State-of-the-art roads, airports, ports, free zones and industrial estates.
Custom Exemptions
Exemptions on the import of plant machinery and raw materials for five years from commencement of production.
Foreign Ownership
100% foreign ownership now available nationwide.
Capital and Profit Repatriation
There are no restrictions on capital, profit repatriation, currency exchange or dividend transfers.
Trade Agreements
Signatory to WTO, GCC common market, GAFTA, FTAs with USA, Singapore, Iceland, Norway, Switzerland and Lichtenstein.
Taxation
Corporate tax is low at just 15%.
Transparent Legal System
Investor-friendly legislative environment.
Oman is genuinely a great place to live, work and invest. It’s diverse – uniquely combining local and global. Our schools are first-class. There’s quality housing, to rent or buy, to suit every budget. Our healthcare is exceptional. Oman came in second in the Global Wellness Index which ranks 151 countries on living standards and how healthy, happy and successful people are. So it shouldn’t come as a surprise that people from all over the world choose to visit, live, work and invest in Oman.
Target Sectors
The sultanate of Oman’s strong economic development over the years is mainly due to its flourishing and diverse business sectors. Each business sector, ranging from Education to Information Technology, offers potential investment opportunities bringing.
Tourism in Oman
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.
Agriculture & Fisheries in Oman
Despite the serious impact of the COVID-19 pandemic, Oman’s agricultural and fisheries sectors witnessed a growth rate in 2021 of 9.8%. Total volume of food production increased from 1.7million tons in 2011 to 3.9 million tons in 2019, achieving an average growth of 10.9%. The total value of food production for the same period rose from RO446 million to RO930 million, an average growth rate of 9.6%.
Manufacturing in Oman
For the past three centuries, Manufacturing has helped raise living standards by driving economic growth globally. Currently its continued growth accounts for nearly 16% of the global GDP and 14% employments. Apart from the major contributions made by the hydrocarbon sector to Oman’s economy, Oman’s manufacturing sector has also contributed significantly since its advent in 1975. It currently employs 61,000+ people, and exports to 140 countries around the world. It has been key to providing employment and a good quality of life for Omani families. In 2015, Made in Oman, non-oil exports touched the USD 8bn mark, up from the USD 680m realized in 2002. This accounted for 9.5% of Oman’s GDP.
Logistics in Oman
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 is also a critical enabler for all businesses. Right from the hypermarkets in Seeb, to the gypsum quarry in Thumrait, the battery manufacturer at the Rusayl Industrial Estate, or the pelletizing plant in Sohar, to the plastics exporter at the Salalah Free Zone, all businesses need an efficient and dependable logistics system to enable ways and means to increase efficiency and drive profits.
Mining in Oman
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.
Education in Oman
Over the past 25 years, Oman has become aware of the importance of a well-educated population to economic success. Having a highly skilled workforce is the key to higher wages and productivity. Education will become an important driver of Oman's GDP growth with its current share of 4.9% projected to climb to 6.2% by the end of 10th Five Year Plan (2021-2025). The education sector is looking to increase the career-long reskilling of workers in response to the 4th Industrial Revolution, automation and digitization of the workplace by increasing the public - private sector co-operation to drive digital skills.
Muscat Governorate
The most important Governorate in Oman is the Muscat Governorate. Apart from being the seat of power, the Muscat region provides captivating vistas of nature’s raw beauty coupled with fascinating facets of living antiquity.
The Muttrah Corniche that connects Muscat with Port Sultan Qaboos presents visitors panoramic glimpses of golden beaches, shimmering sand dunes (Bawshar Sands) and majestic mountainous heights. Muscat is known to be a melting pot where ancient Omani cultural heritage blends effortlessly with contemporary tradition and style. One can see quaint houses with grand gates and small shops selling traditional ware in markets from a bygone era.
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