Emerging Oman - great investment opportunities in Middle East
Oman, strategically located where the Arabian Peninsula reaches toward the Indian Ocean, the Sultanate has a long history of trade with distant nations.
The Sultanate makes business ventures easy, and opportunities abound as the government privatizes entire sectors of the economy. Sohar Industrial Port Company, for example, a Port of Rotterdam joint venture with an emphasis on energy based industries, manages the modern deep-water port just outside the Strait of Hormuz.
Nearby, Sohar Aluminium has set a new standard in its operations, a model of safety, efficiency and technology. In the near future, a logistics-based industrial area including a new port and ship repair facility will open at Al Duqm, the end point of a pipeline that will provide an alternative outlet for crude oil from GCC nations. These successful enterprises pave the way for new investment opportunities in Oman’s mining, manufacturing, and tourism industries.
The Sultanate’s long-term strategy includes moving toward a knowledge-based economy. The eOman initiative was launched to provide the infrastructure needed for such economic activities as the Technology Park at Knowledge Oasis Muscat. Knowledge Oasis Muscat is home to global IT leaders like Microsoft, Motorola and Oracle, working alongside small and regional companies, and startup firms fostered by Knowledge Oasis Muscat’s business incubator services.