Oman’s economy benefits from large oil and gas reserves, including a sizeable new gas field that began production in late 2017. Located between Asia and Africa – and adjacent to major international shipping routes – the sultanate’s geographic location also makes it a natural regional logistics and manufacturing hub. The authorities are seeking to leverage such advantages in order to diversify...
The Middle East
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Chapter | Country Profile from The Report: Oman 2018
Located in the south-eastern quarter of the Arabian Peninsula, Oman is the only member of the GCC situated outside of the Gulf. Leveraging its strategic location, Oman has invested in infrastructure with the goal of becoming a global logistics centre. While the country is less hydrocarbons-rich than its GCC neighbours, diversification efforts are nonetheless a driving force. The sultanate’s...
The effects of lower oil prices continue to be felt in Oman, with budget cuts and spending rationalisation still in evidence across the board. However, higher commodity prices in late 2017 and into early 2018 should provide a welcome boost to state revenues.
The guide contains listings of some of the leading hotels and resorts in Dubai, and contacts for important government offices and services. It also contains useful tips and information for business and leisure visitors alike
This chapter contains an overview of the tax framework under which local and foreign investors operate, including a look at the GCC-wide value-added tax, which is being rolled out in 2018, a guide to international taxation treaties, and the investment and tax incentives available in the emirate’s free zones.
This chapter contains a VP from Dean Kern, Middle East Tax and Legal...
A key driver of non-oil GDP growth, Dubai’s industrial sector continues to play an integral role in both its own diversification plans and those of the UAE. With a new sector strategy providing guidance for the government’s long-term goal of making the emirate a centre for global innovation, Dubai has plenty of opportunities to further develop its industrial sector. Its network of free zones,...