Oman 2019

From its location at the tip of the Arabian Peninsula, Oman jointly controls the most im­portant oil passage in the world—the Strait of Hormuz—and is the largest non-OPEC oil pro­ducer in the Middle East. It is no question that Oman's oil and natural gas industry remains vitally important for the country's prosperity, but what we saw with more clarity during the course of the year was how important hydro­carbon revenues are for implementing projects in the non-oil sectors of the economy. That is why—in addition to our chapter on the energy sector—we examined the rest of the economy to map where investments are flowing and where regulations are changing.

The Business Year's country-specific publications, sometimes featuring over 150 face-to-face interviews, are among the most comprehensive annual economic publications available internationally.

This 250-page publication covers green economy, finance, energy, industry, mining, IT and telecoms, transport, logistics, real estate, construction, agriculture, health, education, and tourism. The report features dozens of interviews, including:

  • Dr. Ismail Ahmed Ibrahim Al Balushi, Deputy CEO, Duqm Special Economic Zone Authority (SEZAD)
  • Omar Al-Wahaibi, CEO, Nama Holding
  • Sheikh Waleed Al Hashar,CEO, Bank Muscat
  • Sultan Al-Ghafri, Vice President, Gulf Energy
  • Dr. Hamad Salim Al Rawahi, CEO, Telecommunication Regulatory Authority (TRA)
  • Sheikh Aimen Ahmed Sultan Al-Hosni, CEO, Oman Airports Management Company (OAMC)
  • Nasser Al Sheibani, CEO, Al Mouj Muscat


The publication also features a range of articles and analysis, including:

  • Chinese investment
  • E-census
  • Oman electricity spot market
  • Fintech
  • Solar oil
  • Industry 4.0 & leapfrogging
  • The breakup of telecoms oligopoly and new players
  • Muscat's new airport
  • REITs
  • Fisheries' value chain
  • Silver economy
  • MICE tourism
  • New visa regime
  • Wellness tourism