Oman – the Rising Nation on the Arabian Peninsula
The Sultanate Oman is located in the southeast region on the Arabian peninsula and borders Yemen in the south, Saudi-Arabia in the west and United Arab Emirates in the north. The Sultanate has 1800 km of coastal line and adjoins the Sea of Oman in the north and the Arabian Sea in the east. Its total area comprises 309,500 km. Oman’s population is 3.8 million people whereby 55% are Omani origin and 45% foreign origin. Arabic and English are the official business languages.
Since the inauguration of His Majesty Sultan Qaboos bin Said al Said in 1970 Oman has undertaken an astonishing turn towards modernity while maintaining its rich cultural heritage and traditions. Moreover the government pursues ambitious plans to diversify the economy and hence, to reduce its dependency from fossil fuels. It also persecutes the aim to further develop the privatization, for instance in the telecommunication and energy sector.
From the economic point of view Oman gains increasing attractiveness for German investors due to its stable political and business environment and its for the region unique strategic location as a logistic hub.
German exports increased from 791.1 million EUR in 2011 to 821.2 million EUR in 2012. German direct investments grow from 50 million EUR in 2010 to 71 million EUR in 2012. Germany and Oman signed a bilateral investment treaty and a double tax agreement (DBA) whereby the DBA is still pending to be ratified.
The 2017 budget comes against a backdrop of continued subdued oil prices and focuses on revitalizing non-oil revenues and rationalizing public...
Oman-based Moon Iron & Steel Co SAOC (MISCO) has signed a contract with German plant machinery manufacturer SMS Group to construct a mini-steel...
The tender for a first large scale solar power plant was floated in October 2016. Bidders were requested for proposals regarding technical and...
AHK Oman organises several events with a wide range from business workshops to socialising events.
To find out more, kindly contact:
Mrs. Dalia Zayed, +968 9387 0474, service2(at)ahkoman.com
Power, Water and Wastewater Technologies and Solutions
International Exhibition for Windows, Doors, Glass, Aluminium, Facades & Sun Protection Systems
An International Annual Event that highlights the continued Development of the Healthcare Sector
Following documents may give you some advice for a market entry: