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Sultanate of Oman
Historically, Omanis were seafarers and traders who dominated regional commodity trading in the Indian Ocean, East Africa and the Arabian Gulf. There were thus a succession of migrations which saw growth of settlements along the Arabian Peninsula and East African coastal areas.
Oman is located at the eastern corner of the Arabian peninsula. Sharjah and Fujairah (U.A.E.) separate the main part of Oman from the northernmost part of the state, a peninsula (Musandam) extending into the Strait of Hormuz.
USD 73 billion (2011)
GDP per capita
USD 25,900 (2011)
4.4% (2011 Vs 2010)
Muscat Wholesale Index = 4.1%
Diversification from hydrocarbons, Sohar Industrial Port (gas utilisation), tourism, Omanisation/education.
c. 890,000 barrels per day
Petroleum, copper, asbestos, marble, limestone, chromium, gypsum, natural gas.
Dates, limes, bananas, alfalfa, vegetables; camels, cattle; fish.
Crude oil production and refining, natural and liquefied natural gas, construction, cement, copper, steel, chemicals, optic fiber.
“Sultanate of Oman is counted among promising markets due to it strategic location linking the GCC countries with Iran, Yemen and Middle Asia. It also distinguished with its limited populations of 2.5 million. Meanwhile the chances are open in Oman for investors to enter to the gulf market or even to other Arab markets within the Grand Arab Free Trade Zone. It also facilitates to undertake the exporting activities to United States of America, the biggest consumer market of the world, without paying any charges as result of Oman-US Free Trade Agreement.” - Oman Chamber of Commerce & Industry