Doing Business in Oman
(slider Fast Economic Facts)
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 |
(slider Fast Trade Facts)
FAST TRADE FACTS
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Total exports (2011): |
US$ 43,53 Billion |
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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. |
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Principal export destinations: |
UAE, India, China, Turkey (70th) |
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Total imports (2011): |
US$ 21,47 Billion |
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Major Imports (2011): |
Automobiles and machinery, minerals and its products, food, livestock, manufactured goods, mechanical and transport equipments. |
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Oman's principal import sources (2011): |
UAE, China, India, Turkey (106th) |
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Major Oman imports from Turkey: |
Plastic products, |
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Organic chemicals |
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Non-Ferrous Metals |
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Plastics in non-primary forms |
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Leather products |
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Major Oman exports to Tukey: |
Iron and steel, manufactured metal products. |
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Petroleum, petroleum products and related materials. |
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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?
Current 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 Export
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: http://www.tenderboard.gov.om/eng/default.aspx
Doing Business in Oman
Doing Business in Oman
In 2011 Ernst and Young published a report titled Doing 
Buiness in Oman which gives an insightful overview
of the economic, commercial and tax developments.
To view the publication please
Useful Contacts & Enquiries
Useful Contacts
The 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
www.ociped.com
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
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.chamberoman.com
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
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.This e-mail address is being protected from spambots.