The recent steep decline in international oil prices led to a considerable budget deficit in Oman, pressuring the country into hastening its economic diversification plans. In July 2016 the National Programme for Enhancing Economic Diversification received approval by royal decree.
Are companies ready to comply with tax reforms? How much more costly may compliance become?
Oman’s health authorities are devoting substantial resources to solve what is perhaps their steepest immediate challenge: curbing the spread of unhealthy habits that have led to a rise in lifestyle diseases like cancer and diabetes among a relatively sedentary populace.
If planning to establish business operations in Oman, foreign firms and individual investors may do so in one of the following forms:
With the sector dominated by four- and five-star hotels, tourism in Oman relies heavily on luxury and business travellers. However, in recent years the Ministry of Tourism (MoT) has been looking to tap other markets, including budget-conscious holiday makers. This approach has been aided by the arrival of cheaper airfares from foreign airlines...
In the four decades after Sultan Qaboos bin Said Al Said assumed leadership in 1970, Oman made such strides in health care provision that the UN, in its “Human Development Report 2010”, declared it the most-improved nation out of 135 countries. The sultanate is now looking to breathe fresh momentum into the coming decades under its current...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×