Comprehensive report on Oman’s free trade zones to be released next year
MUSCAT: Oman’s push towards economic growth and diversification through the expansion of its free zones and special economic zones will be the subject of an upcoming report to be published by Free Zone Watch, an online marketing, news and networking platform for free zone stakeholders.
At present, Oman has free zones in Sohar, Salalah and AlMazyounah, as well as a special economic zone in Duqm. Following the release of their inaugural report in Turkey, earlier in 2017, Free Zone Watch’s Country Series research team has begun work in Oman to assess and showcase the noteworthy investment in, and development of, its four zones, as well as on the supporting industries and infrastructure which make the country an ideal location for foreign investment. Carolina Tenzer, Country Director for the project, said the report would be an impressive vehicle for making a strong investment case in favour of Oman’s ‘free zones,’ a term which includes special economic zones.
“Oman’s free zones will play an important role in the country’s diversification efforts, not only in supporting the industries which are at the heart of the Sultanate’s transformation programme, but in strengthening and increasing the number of trade partners.”
“Through our work here, we hope to evaluate and display the Sultanate’s commitment towards infrastructure development, economic evolution, and stable macroeconomic policy, all of which are positive indicators for 2018, Vision 2020 and the country’s long-term vision,” she further added. The full report, entitled ‘Free Zone Watch: Oman 2018’, is expected to be published, online and in print, early next year.