Oman has benefited greatly from globalization. The Sultanate had a billion dollar surplus in the 2004 fiscal year. The Omani government has diversified the economy by investing in areas other than oil. Recently, Oman has become a popular arena for foreign investment. There has been an influx in foreign capital through tax exemptions on equipment and raw materials.

Government Incentives for Investing in Oman:

Tax exemptions for 10 years for industrial sector
100% Foreign Ownership
Clear and Efficient Legal System
The common business language is English
Inflation less than 1% since 1992
No Personal Income Tax
Tax and import duty exemptions
Interest-free long term loans to industrial sector and tourism