Explore the advantages of investing in the Sultanate of Oman

Oman has many advantages that make it an attractive investment destination for both local and foreign investors. These advantages include:

Political, economic, and social stability: Oman enjoys a high level of political, economic, and social stability, providing a safe and secure environment for investment.

High level of security and low crime rate: Oman enjoys a high level of security and low crime rate, making it a safe destination for investors and their families.

Freehold ownership for non-Omanis without a local partner: Oman allows non-Omani investors to own property without a local partner, giving them more freedom and independence in their investments.

Permanent residency for all family members: Oman grants non-Omani investors permanent residency for all members of their families, providing them with stability and comfort.

Transparent judicial system and supportive legislative environment: Oman has a transparent judicial system and a supportive legislative environment, providing investors with legal protection and guarantees of rights.

Advanced infrastructure: Oman has a well-developed infrastructure, including a network of roads, railways, and reliable airports, making it easy for businesses and investors to connect with global markets.

Tax and customs incentives: Oman offers a range of tax and customs incentives to investors, providing them with better opportunities to generate profits.

Qualified human capital: Oman has a qualified and trained workforce, which enhances the chances of investment success.

High return on investment, rental, or resale of residential units: Oman has a vibrant and stable real estate market, providing good investment opportunities in the real estate sector.

The possibility of re-exporting imported goods without customs duties (for re-export): Oman allows investors to re-export imported goods without paying customs duties, providing them with good opportunities to increase profits.

Promising investment sectors in Oman

Investment opportunities in Oman are diverse and include a variety of sectors, such as:

Energy: Oman has a wealth of natural resources, including oil and natural gas, making it an important center for the energy industry.

Infrastructure: Oman is working to develop its infrastructure, providing investment opportunities in sectors such as transportation, roads, and communications.

Tourism: Oman has a beautiful geographical location and a rich history, making it an attractive tourist destination.

Industry: Oman is working to diversify its economy, providing investment opportunities in sectors such as manufacturing and technology industries.

Oman in the Global Competitiveness Index 2022

Oman maintained its ranking among the top 50 countries in the Global Competitiveness Index 2022, ranking 48th globally.

This ranking was driven by a number of factors, including:

Improvement in infrastructure indicators: Oman ranked first in the Arab world in the terrorism index, first in the Arab world in the police reliability index, first in the GCC and Arab world in the time required to start a business, first in the Arab world in judicial independence and the protection of intellectual property rights, eighth globally and first in the Arab world in the quality of roads, and fourth globally and first in the Arab world in the efficiency of port services.

Improvement in institutional indicators: Oman ranked second in the Arab world in the efficiency of the legal framework for dispute resolution, and second in the Arab world in the quality of vocational training.

Improvement in skills indicators: Oman ranked 36th globally in the skills index, and first in the Arab world in the innovation skills index.

Improvement in market products indicators: Oman ranked 14th globally in the merchandise market index, and first in the Arab world in the freedom of trade index.

The National Competitiveness Office confirmed that this ranking reflects the efforts of various institutions in the public and private sectors, in order to improve the competitiveness of Oman to occupy its place among the various developed countries in the index.

Conclusion

Oman has many advantages that make it an attractive investment destination, for both local and foreign investors. With the continued efforts of the government to develop the economy and improve the investment environment, Oman has the potential to achieve sustainable economic growth.

Gleem Tourism and Investment Company is one of the leading offices in Oman in providing various investment services, including services for establishing foreign investment projects in Oman. We are happy to communicate with you or visit our office.

Address: Muscat – Al Khuwair – Doha Al Adab Street, Building No. 235

For inquiries, please call:

97036400 968