There were 290 results found for Oman and Economy

There were 290 results found.

Interview

Abdulsalam Al Murshidi, President, Oman Investment Authority: Interview
OBG
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Interview: Abdulsalam Al Murshidi What drivers have helped boost Oman’s investment appeal within the region and beyond? ABDULSALAM AL MURSHIDI: Oman’s investment attractiveness has improved in recent years, driven by strategic initiatives under Oman Vision 2040, which aim to diversify the economy beyond oil and gas. Sectors such as logistics, manufacturing, mining, renewable energy and tourism…

Analysis

Summit signals collaboration between GCC and ASEAN countries
OBG
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Trade between the Association of South-east Asian Nations (ASEAN) and the GCC has grown in recent years, as economies in both regions seek to capitalise on mutually beneficial opportunities, and diversify their trade and investment partners. Indeed, trade between the GCC and Asian countries classified as emerging and developing by the IMF increased 35% from $383bn in 2021 to $516bn in 2022, according…

Analysis

Localisation efforts in GCC create jobs for nationals
OBG
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GCC countries have been actively pursuing workforce nationalisation policies to reduce their reliance on expatriate workers and create sustainable employment opportunities for their growing local populations. Notably, Saudi Arabia has set ambitious workforce nationalisation targets as part of Vision 2030 and for socio-economic transformation. By the first quarter of 2022 the Kingdom had achieved a…

Analysis

Economic partnership between Oman and India boosts trade
OBG
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When the new OR12m ($31.2m) Maritime Museum in Sur opens its doors in 2025, visitors will be able to experience the narrative of Oman’s seafarers. For centuries, mariners journeyed far and wide, across the Arabian Sea to Africa, India and beyond. One of the principal sponsors of the museum is the Oman India Fertilizer Company (OMIFCO) – a $969m joint project between national energy firm OQ and…

Analysis

Future Fund Oman encourages foreign investment
OBG
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In January 2024 the OR2bn ($5.2bn) Future Fund Oman (FFO) began operations, aiming to mobilise public and private capital behind one of the largest investment rollouts in the sultanate’s history. Set to provide OR400m ($1bn) per year from Oman’s budget over the 2024-28 period, FFO has already made a significant impact. In the first three quarters of 2024 the fund secured OR832m ($2.2bn) in financing,…

Analysis

Sustainable development at Duqm drives Oman's trade
OBG
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Located halfway between Muscat and Salalah, Duqm exemplifies Oman’s rapid economic development in recent years. In the decades leading up to 2025, the city has evolved from a small fishing village to a regional trade centre, highlighted by the globally significant Special Economic Zone at Duqm (SEZAD). Positioned between the Arabian Sea and the Indian Ocean, SEZAD is strategically situated to capitalise…

Overview

Oman diversifies its economy through sustainable development
OBG
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Institutional changes and various diversification efforts are propelling the country’s economy forwards. At the confluence of the Gulf and Arabian Sea, Oman occupies a strategically important location for trade and logistics. Although it is not on the Gulf, Oman sits atop significant oil and natural gas reserves. Under the leadership of Sultan Haitham bin Tarik Al Said since January 2020, the country…

Overview

Oman's economy supports sustainable development
OBG
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Sound economic management, a revival in hydrocarbons prices and a series of new development plans are combining to make Oman an increasingly attractive destination for foreign investment in the Gulf region. Growth is robust, while the sultanate’s excellent relations with its neighbours and global powers are boosting its international trade. Oman’s geostrategic location helps with this, as it borders…

Overview

Policy reforms boost Oman as investment destination
OBG
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With its international trade showing robust growth and its foreign direct investment (FDI) flow continuing to strengthen, Oman is already an important destination for trade and investment in the GCC. In recent years, a new raft of policies and plans have been put in place to boost existing economic relationships still further. New special economic zones (SEZs), investor-friendly regulations, integrated…

Overview

Selection of hotels in Oman
OBG
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MUSCAT JUMEIRAH MUSCAT BAY Address: PO Box 605 Saraya Bandar Jissah Qantab PC 115 T: +968 2493 1000 www.jumeirah.com/en/stay/oman/jumeirah-mus-cat-bay JMUinfo@jumeirah.com Rooms: 196 rooms, suites and villas offering sea views and private pools with exclusive access to a villa beach. Business & Conference Facilities: Pearl grand ballroom with beachfront terrace and capacity to accommodate…

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There were 290 results found for Oman and Economy

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