The Sultanate of Oman is the third-largest state in the Arabian Peninsula, and is a founding member of the Gulf Cooperation Council (GCC). It is a stable, and relatively prosperous, business-friendly country in what is sometimes a difficult, but strategically important, region. The capital, Muscat, is a commercial centre and major port in the north, with traditional and modern architecture overlooking the Gulf of Oman.
Whilst Oman’s key economic priority investment is still in the oil and gas sector, its main economic goals are set out in the long-term strategy, ’Oman 2020: Vision for Oman’s Economy’ (Vision 2020). To diversify the economy away from reliance on hydrocarbons, Oman is developing other sectors such as the petrochemical, metals and minerals, ports and logistics, fisheries and tourism sector.
The bilateral relationship between Oman and the UK is particularly close, with a long history. Many senior Omani business and political leaders were educated in the UK and consider the UK their second home, and business ties between the two countries are strong.
About the guides
The main objective of this Doing Business in Oman Guide is to provide you with basic knowledge about Oman; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.
We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point.
This FREE guide is available in 4 formats:
Available on the iTunes App Store and Google play