Why Oman

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Why Oman

From soaring mountain peaks to vast deserts and over 3,000km of beautiful coastline, Oman is a country known for its stunning natural beauty. The country has also been blessed with rich natural resources and has historically utilised technology and innovation to take full advantage of these reserves.

A country steeped in tradition and culture, the Sultanate has its roots in seafaring, trading, and fishing; traditions that remain just as popular today as they were hundreds of years ago. During the last half-century, under the wise leadership of His Majesty Sultan Qaboos bin Said, Oman has also generated rapid social and economic growth across a vast number of other industries, together with a steady rise in population numbers.

In recent years, the country has put great effort into economic diversification. It is these efforts, coupled with its geographical location, stable political climate, and excellent infrastructure, that have contributed towards the Sultanate’s continued growth and prosperity.

Oman

Why Setup your Business in Oman?

Oman is a strategically located growing business centre. The Omani Government has been continuously supportive towards the nation’s development and has initiated steps to allow more foreign investors, and business growth into the country. If you are planning to diversify your business at an international level, Oman is a location which you can count on. This page will give you links and resources on how to make this happen.

Top Business Opportunities in Oman 2020

Source: https://www.businesssetup.com/blog/business-opportunities-oman

By 2020, the aim of the government of Oman is to achieve a GDP growth of 3% by creating multiple business and job opportunities and maintain safe inflation levels at 2.9%. The SME’s, Start-ups, Entrepreneurship are into prime focus that will boost the economy to a great extent.

Omani Government is heading its journey to build a smart-city. Strong networking base built through the trade agreements would help even the start-ups and entrepreneurs to climb up the business ladder.

Arabian countries are well-known as an export centre for oil and its by-products. Now, the government of these countries is slowly shifting its focus towards the non-oil sectors. Oman has also initiated the same and is looking forward towards encouraging the non-oil sectors and benefit the economy overall.

The ultimate aim by 2040 is to increase the GDP of the economy by 10%. This would increase the number of expats living there to a large extent. Analysts have come up with a population count of 5 million people that will be reached in the next two years. Increased population would ultimately demand more business activities to be carried on.

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