Investment opportunities galore

Added to these, the country’s nonoil exports have risen to $10.7 billion to 176 countries, while the Sultanate is a signatory to various trade agreements such as WTO, GCC common market, GAFTA, FTAs with US and Singapore, Iceland, Norway, Switzerland and Lichtenstein.

Oman allows foreign ownership up to 70 per cent in most sectors and 100 per cent in special cases and specific economic zones.

Added to this, experts who attended the high-level seminar opined that stability in economic, social and political arenas is yet another reason for investing in the country.

The major projects under way are also showcased to Indian investors. Mina Sultan Qaboos, a waterfront mixed use development to be implemented in six phases; Madinat Al Irfan, an urban centre within Muscat were also showcased.

With a Wadi Park as it’s spine and OCEC as anchor; Mall of Oman, a $1.33 billion investment to generate 350 outlets; Palm Mall Muscat are said to be the most promising projects besides other key infra projects.

“Above all, Oman’s unique manpower mix is yet another reason why foreigners should look at Oman with high investment potential. With 4.3 million people and 1.7 million employees over 239,000 registered businesses, foreign investments have greater security and wider room for growth,” Shahswar said.