This chapter contains an overview of the tax framework within which local and international investors operate in Oman, including an examination of the FTAs in place and how they are enabling more foreign investments, and a rundown of the proposed changes to the VAT laws currently under examination. This chapter contains an interview with Kenneth Macfarlane, Country Senior Partner, PwC.
Oman’s health care sector has undergone rapid development since 1970, with average life expectancy boosted to 76.6 years and the number of hospitals growing to 67 in 2014. The private sector has also witnessed expansion, with the authorities particularly encouraging its participation in the provision of care for lifestyle-related diseases. Health Vision 2050 is the sultanate’s long-term sector...
Successive five-year plans have seen Oman’s education system evolve rapidly, with highlights including the expansion of special education programs and the development of teacher-training colleges. In 2013 almost all children in the sultanate were enrolled in school while almost 98% of students completed primary school that year and 92% were enrolled in secondary school. Despite a drop in oil...
2015 proved a record year for Oman’s tourist industry, with the number of incoming visitors topping those of previous years and wide media coverage promoting the country’s increasingly cemented status as a niche tourism destination. The preservation of the country’s natural surroundings and cultural traditions has allowed it to keep much of the spirit of “Old Arabia”, and indeed tourism has...
Oman’s agriculture & fisheries sectors are slated for significant expansion in the years to come as authorities aim to build them up into major contributors to the economy, key employers and significant sources for export earnings. Oman’s Vision 2020 sets the target of raising the agricultural sector’s contribution to GDP to 3.1% by 2020, with annual growth topping 4.5%. It also intends to...
Oman’s public authorities are in the midst of a multi-billion-rial investment programme designed to expand and improve the country’s transport and logistics capacities across land, sea and air. Salalah, the country’s largest port, has recently shifted its focus towards import/export traffic, with a new 20-year master plan launched in 2011 aiming to establish multi-modal links at the port and...
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