Economic Development

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 834.1 million EUR in 2016 to 914.3 million EUR in 2017. German direct investments grow from 42 million EUR in 2015 to 221 million EUR in 2016. Germany and Oman signed a bilateral investment treaty and a double tax agreement (DBA) whereby the DBA is still pending to be ratified. Source:

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