Doing Business in Oman


(slider Fast Economic Facts)


GDP (2012):      US$ 72 Billion
Real GDP Growth Rate:    4.4%
Economic Sectors share in GDP:  -Services:  47,2%
  -Industry:   51,3%
  -Agriculture:  1,5%
GDP per-capita PPP:   US$ 26.272
Inflation:      3,8 Percent 

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Total exports (2011):

US$ 43,53 Billion

Major Exports:

Oil and Gas, re exports, animals and animal products,chemical products, minerals and its products, electric systems and equipments, Food Industry and Rubber and plastic products, textile.

Principal export destinations:

UAE, India, China, Turkey (70th)

Total imports (2011):

US$ 21,47 Billion

Major Imports (2011):

Automobiles and machinery, minerals and its products, food, livestock, manufactured goods, mechanical and transport equipments.

Oman's principal import sources (2011):

UAE, China, India, Turkey (106th)

Major Oman imports from Turkey:

Plastic products,

Organic chemicals

Non-Ferrous Metals

Plastics in non-primary forms

Leather products

Major Oman exports to Tukey:

Iron and steel, manufactured metal products.

Petroleum, petroleum products and related materials.

Electrical Machinery, Textile products.

The Sultanate of Oman is forging confidently ahead towards comprehensive and sustainable development achieving remarkable growth in all areas of its economy in recent years. Oman has been encouraging market-oriented policies and private sector development as the mechanism for prosperity and growth. Oman furthermore encourages foreign capital that enhances the development of the country. There are an ever growing number of reasons and incentives to do business in Oman as such it is no wonder that it is fast becoming a most promising and attractive business market.

Why Do Business in Oman?

Why Do Business in Oman?

image003Current investors and businesses in Oman are enjoying a free market and a very open and healthy economy, there are a number of reasons and incentives why Oman is among the world’s most promising business destinations, including:

  • Political stability
  • Currency stability
  • Excellent Strategic location
  • Many nationals can obtain visas upon arrival
  • Grand Arab Free Trade Zone
  • Unified GCC Custom Tariff
  • WTO membership
  • Freedom to transfer capital and profit
  • Customs exemption for machines, equipments and raw materials of industry
  • No tax for personal income
  • 12% tax rate for all businesses including branches and permanent establishments of foreign companies for foreign branches
  • Guarantee for Omani origin exports against commercial and political risks.

For further reasons of why to invest in Oman please visit the ‘investment incentives’ section in the Oman Chamber of Commerce & Industry website here

Current Business Opportunities

Current Business Opportunities

The Public Authority for Investment Promotion and Exportimage005

Development (PAIPED) has created a list of the general sectors

 where there are current investment opportunities. Such areas

include Infrastructure, Petroleum, Tourism and Information

Technology sectors to name a few. For the current list of

investment opportunities. click here.

The Oman Tender Board is an excellent place to

search for tender opportuities available, please

click here to view:  

Frequently Asked Questions


Useful Publications


Doing Business in Oman

Doing Business in Oman

In 2011 Ernst and Young published a report titled Doing image007

Buiness in Oman which gives an insightful overview

of the economic, commercial and tax developments.

To view the publication please 

click here (pdf).

Useful Contacts & Enquiries

Useful Contacts

image009The Public Authority for Investment Promotion and Export Development (PAIPED) formly known as the Omani Centre for Investment Promotion and Export Development, (OCIPED) is a government institution established in 1996, that aims to promote foreign investment in Oman and develop Oman’s export capabilities.

P.O.Box 25 Wadi Kabir, Oman
Tel: (00968) 24812344
Fax: (00968) 24810890

The Oman Chamber of Commerce and Industry began operation in 1973. It was established to assist and encourage the private sector to set up and execute industrial, agricultural and commercial development projects. The chamber undertakes wide ranging activities both within Oman and internationally.

P.O. Box 1400
Postal Code 112, Ruwi
Sultanate of Oman
Tel: (00968) 24707674/84/94
Fax: (00968) 24708497 / 24704041
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The Ministry of National Economy is the authorized body to propose the development strategy and future trends for the national economy. It prepares the countries development plans and investment programs and is responsible to conduct studies on the regional and international trends and their impact on the national economical policy.

P.O. Box 881 Muscat, Postal Code 100 
Sultanate of Oman 
Tel. 968- 24698900
Fax 968 - 24698467 
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Oman & Turkey Business Relations


Oman is currently one of Turkey’s important trading partners among the Middle East and Gulf countries.

In order to complete the legal framework of bilateral commercial and economic relations, Turkey and Oman signed a number of agreements, including Agreement on Trade Exchange and Economic Technical, Scientific and Cultural Cooperation (2004), Bilateral Investment Promotion and Protection Agreement (2007), and Double Taxation Prevention Agreement(2006).

The Turkish-Omani Joint Committee (JC), established in accordance with the "Agreement on Trade Exchange and Economic, Technical and Scientific Cooperation between the Republic of Turkey and the Sultanate of Oman" signed on January 13, 2004.

Turkish-Oman Business Council was founded by Foreign Relations Board of Turkey (DEİK) and Oman Chambers of Commerce and Industry in 2006, in order to develop and enhance bilateral economic cooperation between both countries’ business circles.


Oman was Turkey’s 70th largest goods export market in 2012.

Turkish goods exports to Oman in 2012 were 268 million $, up 25% (214 million $) from 2011.

The top export categories (2-digit SITC) for 2012 were: iron and steel (65.9 million $); manufactured metal products (57.7 million $), petroleum, petroleum products and related materials; electrical machinery (18.2 million $), textile products (8.1 million $).


Oman was Turkey’s 106th largest supplier of goods imports in 2012.

Turkish goods imports from Oman totaled 52.8 million $ in 2012, down 6,6 % (56.5 million $) from 2011.

The top 5 imports categories (2-digit SITC) for 2012 were: plastic products (23.6 million $), organic chemicals (17.9 million $), non-ferrous metals (4.6 million $), plastics in non-primary forms (2.5 million $), leather products (1.4 million $).

Trade Balance

The trade surplus of goods with Oman was 215.7 million $ in 2012, a 36,5 % increase (158 million $) over 2011.

Contracting and Consultancy Services

Oman is a significant market for Turkish contractors. Turkish firms held and are holding 44 projects in Oman with a total value of 5.5 billion dollars up until 2013 May.

Update Date: July/2013 

Office of Commercial Counsellor, Turkish Embassy in Muscat  

How to do Business in Turkey ?

Content Summary: "Investors’ guide Turkey: How to do business" provides potential and existing investors with an overview of what is possible when structuring an investment in Turkey and which factors must be considered when deciding whether to acquire an existing Turkish company. The information covered is not exhaustive and unless otherwise indicated, is based on the relevant legislation and conditions existing at February 2009. 

This guide, prepared by Deloitte Turkey in cooperation with the Foreign Economic Relations Board of Turkey (“DEIK”), aims to contribute to the development of Turkey’s economic, commercial, industrial and financial relations with foreign countries as well as international business organizations and communities by providing foreign investors with a concise tax and business guide to help them with their investment decisions. 

Date:   April 2009
Author: Deloitte / DEIK
Length: 100 pages 
Format: Adobe Acrobat (*.pdf)

For all questions Regarding  “Doing Buiness in TURKEY”contact the;



Mailing Address:

P.O. Box. 3408, P.C. 111, Central Post Office, Muscat, Sultanate of Oman

Tel : (+968) 24 595 544 / 24 595 502 

Fax: (+968) 24 590 055

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