Occupying the south-east corner of the Arabian Peninsula, Oman has a strategically important position at the mouth of the Gulf. As with other Gulf nations, oil is the support of the economy, providing a large portion of GDP, but compared to its neighbors Oman is a modest producer.
Oman is a country in the Middle East bordering the Arabian Sea, Gulf of Oman, United Arab Emirates, Saudi Arabia and Yemen. Oman’s attractions include a largely-untouched coastline, mountains, deserts and the rising capital Muscat, with its forts, palaces and old walled city. Its strategic location on the Musandam Peninsula has helped the Omani people to prosper from the Indian Ocean trade for decades. Today the country is a vital world transit point for crude oil.
Oman has traditionally been an isolated and conservative nation, but its current Sultan has been making tremendous efforts to make the country more open and modern. The strong Omani heritage, rich tradition and culture attracts an increasing number of visitors and foreign investors wanting to take advantage of its key location and growing economy. Tourism is an alternative source of revenue that is on the rise.
Doing business in Oman
Oman is considered as most stable and peaceful country in entire GCC. With cordial relationship with every country in the world, Oman is most suitable for setting up your business. Oman Government welcomes foreign investment and provides all requisite support so that business can commence at minimum efforts and time.
Simple and reasonable tax structure, availability of land and utilities required for the business, state of the art road and other infrastructure, availability of various free and industrial zone are the few advantages that Oman offers. To learn more about doing business in Oman, you may download quick guide here.
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