Oman

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Following the success of compulsory medical insurance policies in other Gulf states, Oman has initiated the rollout of its own national mandate.

Oman has sought to encourage new activity into its burgeoning mining sector following the ratification of new legislation that will see investors benefit from shorter approval times, more flexible royalty rates and a more transparent legal framework.

Oman will continue to prioritise greater private sector integration into the economy as outlined in the draft Vision 2040 social and economic framework, which places specific emphasis on small and medium-sized enterprises (SMEs) and the non-hydrocarbons sector.

Higher energy prices and strong increases in gas output helped return Oman’s economy to growth in 2018, with expansion forecast to accelerate in the coming year.

How is Oman competing with offerings from regional convention and exhibition centres to attract new events?

Oman has moved to diversify its energy mix with the commissioning of new renewables projects, while the partial privatisation of downstream services looks set to generate opportunities for both domestic and international investment.

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