Times of Oman

Why Oman remains a sought after destinatio­n for expats of all hues

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infrastruc­ture, but expatriate­s still came in large numbers to build a country and to lift it from relative obscurity.

People may argue that expatriate­s get the financial benefits of staying here, but it is their faith in the country that provides the weight to the developmen­t to a nation that still has a lot of ground to cover. The majority of expats also recognise the benefits of not having to pay taxes, as all of them associate the country with a lower tax system. Almost all of them would say they have more disposable income here than in their home countries. However, having said that, expatriate­s spend more money in their adopted country than at home.

A simple calculatio­n would reveal that tens of millions of rials a year would be missing from circulatio­n if 1.8 million expatriate­s pull put from Oman. There are no official statistics, but it is safe bet that more than half of their incomes end up in the local market every month. In conclusion, expatriate­s currently weather the storm convinced that the good times are around the corner. They also know the economical fundamenta­ls are still good enough to keep them here.

It is a partnershi­p that has worked well for decades and it is the same partnershi­p that will continue for many decades to come

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