The Sultanate of Oman is the third largest country in the Arabian Peninsula. It borders the Kingdom of Saudi Arabia in the west, the United Arab Emirates in the northeast, and the Republic of Yemen in the south.
Muscat is the heart of the sultanate, the political and administrative hub of the nation, the centre of tourism and commercial activities. The capital area is a prime example of intelligent and aesthetic development, amalgamating modernity with tradition.
Modern Muscat is home to a range of luxury hotels with upscale restaurants. Among its attractions are a number of magnificent beaches and breathtaking creeks such as Qurum Beach, Al-Jissah, Yitti, and Al-Bustan. Several restored forts, folk museums and traditional souqs are other popular attractions not to be missed.
Oman has consistently ranked first in peace and stability in the Middle East and North Africa, and it also ranks high in economic freedom among all the Arab countries.
For more information, www.omantourism.gov.om
Oman has the necessary infrastructure and facilities in place to cater to companies looking for the proper environment to place their investments.
A large number of new hotel projects are being implemented and in the pipeline, which cater to the business and tourist sectors alike.
The 80,000-square-meter Royal Opera House, comprising a commercial souq, five-star restaurants, coffee shops, high-end boutiques, lifestyle retail outlets, and an art exhibition gallery, will pave the way toward making Oman be known as a cultural destination that strongly supports and recognizes the importance of tradition, heritage and the arts.
The new exhibition center, which will include a five-star convention hotel, exhibition halls, car parks, and an energy center, will be an important landmark that will attract investors. It will also enhance the potential investors' confidence as it will complement their commercial, industrial, and tourism activities.
The growth of the industrial sector is strengthened by a network of industrial estates, parks and free zones. The presence of free zones has led to the development of industries as the foundation for expansion of downstream activity.
The scale of investment across Oman's transport sector is resulting in a high-quality internal transport network allied to strong external links, enhancing access to national and international markets. Presently, Oman boasts of excellent roads, a fully equipped international airport with other airport expansion and renovation and building projects in the pipeline, a number of domestic air terminals and ultra-modern port facilities.
Oman has an efficient state-of-the-art telecommunications system that is constantly upgraded with new technology.
The private banking sector provides financial services and credit facilities to investors. Other institutions channel government funds to help the private development of the economy, offering loans to small-scale industries and the private sector; some serve as a potential source of new capital for the private sector.
Oman's natural resources, its abundant supply of energy, large natural gas reserves, relatively low labour costs, and inexpensive long-term use of land provide investors with plenty of opportunities to do business.
The rapid development and growth of tourism in Oman, owing to the government's thrust to pursue it as a major economic sector and promoting it as an ecotourism and business destination, while promoting and preserving its ancient heritage and cultural traditions, are attracting more and more tourists.