This chapter contains an overview of the legal framework in which local and foreign investors operate in the country, including a breakdown of the distinctions between conventional and Islamic banks, an outline of the employment regulations for both Omanis and foreigners, and a look at commercial and personal bankruptcy laws.
This chapter contains an overview of the tax framework in which local and foreign investors operate, including a rundown of the expected changes to corporate tax rates, a look at the incentives on offer in the special economic zones and a glance ahead at plans for the proposed GCC-wide value-added tax. This chapter contains an interview with Omar Al Sharif, Country Senior Partner Oman, PwC...
Evolving rapidly over a short period, education and training play a key role in Oman’s long-term development plans. From three schools in the country prior to 1970, the sultanate’s general education sector has expanded to include 1647 public, special education, private and international schools, with a total of 724,395 pupils, including kindergarteners and preschoolers. Enrolment is compulsory...
Having welcomed record numbers of tourists in 2015, Oman’s government looked to build on this momentum a year later by unveiling plans to double international arrivals by 2040 and develop strategic tourism clusters across the country. The sultanate is eager to shed its reputation as a luxury destination and boost the performance of other segments in the coming years. The Oman Convention and...
Driven by growth in consumer demand for data and improved connectivity, combined revenues from fixed-line telephony and mobile services in Oman reached OR906.19m ($2.4bn) in 2015, a 12.8% increase on the previous year. Infrastructure providers face considerable challenges in rolling out high-speed services to all areas of the country, while increased competition in the mobile market is...
Bold plans to improve food security and production in Oman are being driven by investment in agriculture, horticulture, aquaculture and sea fishing as the country looks for sustainable solutions that will enable it to support a growing population. The sultanate’s long coastline and diverse landscapes support a rich variety of fish, livestock, crops, fruit and vegetables. However, the country’s...
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