Monday 27 / October / 2025
Over the past five decades, the Sultanate of Oman has witnessed significant economic developments, including modernizing its legislative frameworks and expanding its logistical infrastructure, such as ports, roads, airports, and industrial zones.
This is in addition to launching electronic platforms and facilitating investment procedures. Everyone is looking forward to business in the Sultanate of Oman continuing to thrive in the coming period, within the framework of global competition.
The country's business environment, as described by international institutions, is supported by a strong legal framework aimed at regulating economic activities and further encouraging investment. It also features facilities for investors, including incentives and opportunities in well-known economic sectors.
Today, the Sultanate of Oman boasts an attractive investment environment, in addition to its important geographical location at the crossroads of global trade routes. This gives it the opportunity to open up markets for national products, export them, and deliver them to emerging markets via vital transport corridors.
The country's business environment is also characterized by political stability and operates within the framework of the "Oman 2040" vision and objectives. Such collaboration seeks to enhance the investment climate, diversify the economy, and open up greater prospects for exploiting the country's natural resources, given the world's need for these important resources.
The World Bank's "Doing Business 2020" report indicates that Oman has recently climbed 10 places in business, currently ranking 68th globally. By offering business incentives, eliminating bureaucracy, and streamlining laws and business processes, this will inevitably lead to a higher ranking in business. This requires eliminating operational and procedural challenges, eliminating bureaucracy, and narrowing the gap between announced reforms and actual implementation.
Oman's economic and business environment is described as the most politically and economically stable in the region. It enhances confidence in this environment to attract investment and move forward in reducing dependence on oil as the primary source of income, in addition to diversifying the economy, creates new job opportunities for business seekers in investment sectors such as tourism, logistics, agriculture, industry, and others.
The government is also continuing to implement economic reforms within the framework of the "Oman 2040" vision to improve the business climate, facilitate procedures, and encourage entrepreneurship.
From the perspective of traders and business owners, establishing companies and starting businesses has become easier today with the availability of online platforms such as "Invest Easy." However, challenges and bureaucracy still pose a dilemma in business operations for some due to slow procedures or the need to coordinate between multiple government agencies simultaneously. Access to financing is also a challenge for some entrepreneurs, especially young people, despite the presence of numerous financing institutions to undertake this responsibility.
The country's investment environment has witnessed several developments in terms of business conduct, as a result of a package of legislative and procedural reforms. The recent Foreign Capital Investment Law, issued by Royal Decree No. 50/2019, allows 100% foreign ownership in most sectors and abolishes the minimum capital requirement, removing a major obstacle to investor entry. Laws on public-private partnerships and privatization have also been issued to encourage private sector investment in major projects.
Furthermore, the government is taking steps to reduce fees and offer tax exemptions and special incentives in economic zones, which contribute to reducing the cost of starting projects and enhancing the economic attractiveness of foreign investors. The "Invest Easy" platform, which was later integrated into the Oman platform, provides comprehensive business services by providing a single electronic window that brings together more than 50 government services for investors, facilitating the establishment of companies and obtaining licenses online quickly and easily. All of these factors make Oman an attractive destination for foreign direct investment in the region.
Today, the Sultanate of Oman offers increasing opportunities, especially for entrepreneurs and small and medium enterprises (SMEs), which are the backbone of economies worldwide. Young people see many promising opportunities, particularly in the technology, digital services, and e-commerce sectors. Meanwhile, the government is committed to providing support through training programs in these sectors, while encouraging institutions to increase their efficiency and connect them to the real job market. It is also promoting a culture of entrepreneurship to become an acceptable and encouraging option for young people, with an increase in events, competitions, and initiatives that promote this culture.
Oman has faced many challenges in the past years due to the COVID-19 pandemic, financial crises, the accumulation of external debt, and the financial difficulties faced by traders, and other business owners but it could solve them with its National Risk Management Strategy.
Everyone, especially Omani entrepreneurs and business seekers, as well as traders and investors, hopes to be provided with serious business opportunities, without any difficulties or problems hindering their daily operations.
