Economy

Omani Investment Law

Article: What is Oman like for investors in 2022?

TBY

Vision 2040

Rewriting the Future

Focus: Oman Vision 2040 and the 10th Five-Year Development Plan (2021-2025)

Oman seeks to craft a future beyond oil and gas with the bold Vision 2040.

Tourism

Close to Home

Focus: Staycation and quarantine packages

Staycation packages and two-week quarantine plans for transit passengers kept Oman's tourism industry alive during the pandemic, while opening the eyes of many to the splendors of Oman.

Industry

Dynamic Development

Focus: Advantages of Free Zones

Free zones are becoming increasing popular around the world due to their ability to attract FDI and develop local economies. Because of this, the Omani government is looking to take a hands-on approach in developing its own free zones.

Industry

Marketing Magic

Focus: Mizah

Mizah, Madayn's marketing arm, aims to increase investment into industrial cities and provide modern marketing solutions.

Industry

Lead the Way

Focus: Madayn

Madayn, the public establishment for industrial estates, is leading the way in technological progress in Oman, with the goal of keeping the country at the forefront of development.

Health & Education

A Safety Net

Focus: Oman’s first healthcare fund

Aman Healthcare, Oman's first local healthcare fund, has already achieved several of its ambitious objectives, while setting still higher targets.

Agriculture & Fisheries

Growing More by Growing Smarter

Focus: Smart farming

Not content to rest on its laurels, the Omani Ministry of Agriculture, Fisheries and Water Resources, along with other agencies, has inaugurated a new vision for smart and sustainable agriculture in the Sultanate.

Transport

From A to B

Focus: Logistics platforms

A mix of traditional construction and smart solutions is helping Oman upgrade its logistics sector despite the country's challenging geography.

Real Estate & Construction

Building the Future

Focus

As Oman works to ensure diverse development across numerous areas, housing infrastructure has become a clear area of focus for policymakers.

Telecoms & IT

An E-shot in the Arm

Focus: The use of IT in containing COVID-19

With information a key precursor to vaccination itself, Oman's health authorities have leveled the latest technology at the pandemic in the interests of public and economy alike.

Green Economy

Covering Some Costs

Focus: Utilities without subsidies

Oman will be restructuring its utility subsidy system between 2021 and 2025 in a move toward making the country a truly open market economy, while cutting down on the consumption of water and electricity.

Energy

A Different Source

Focus: Alternative energy projects

Without alternative energy sources, future growth will become impossible. In light of this, OQ looks to lead the way in creating a robust alternative energy sector for Oman, with hydrogen being a frontrunner.

Energy

Creating the Foundations

Focus

Sustainability will be key for many countries' ability to maintain long-term growth in a future with dwindling resources.

Finance

A Necessary Balance

Focus

Though Oman has been heavily focused on the Omanization of the economy in recent years, opportunities still abound for foreign investors and business leaders interested in establishing a presence in the nation.

Diplomacy

Happy Neighbors

Focus: Oman-Saudi relations

Few international political ties in history have been as much of a win-win deal as those between Riyadh and Muscat.

Economy

Diversifying Oman's Economy

Focus: Investing in non-oil business

Tourism & Retail

Speaking in tongues

Focus: Languages in Oman

Oman has a fascinating language carpet, thanks to the diversity of its people.

Tourism & Retail

Dropping the shopping?

Focus

Oman has seen an increase in mega mall construction in recent years. But is it the end of an era?

Tourism & Retail

A gift through the ages

Focus

One of the world's best producers of frankincense, Oman will celebrate its ancient frankincense trade with its Dubai Expo pavilion.