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SULTANATE OF OMAN

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SULTANATE OF OMAN

The Sultanate of Oman is located on the southeast coast of the Arabian Peninsula. It has a population of 4,513,023 million on a land of 309,500 square kilometers as estimated at the end of September 2016 by the National Center for Statistics and Information. Oman's weather varies between hot humid in the coastal areas, hot dry in desert interiors, modest and cold in the mountains, and a summer Monsoon in the far south from June-September. Oman is divided into eleven governorates, with 62 millions.


ECONOMY

Oman's economy has witnessed a steady growth over the past two decades thanks to the Sultanate geographical location on the main trading route which connects Europe and Asia, and in the heart of a vast area stretching from East Africa to the southern border of Central Asia and India reaching to Pakistan. Oil is regarded as the backbone of economic growth in the Sultanate, while plans are underway to diversify sources of income and empower the economy by attracting new investments that will help create jobs and take advantage of other booming sectors such as tourism, agriculture, industry, mining and others.


Ports and industrial zones in Oman are strategic foundations for the country's economy to instill solid economic values. In this regard, Duqm Economic Zone is regarded as one of the main ports in the country, which officially began commercial operation in March 2013. Complementing the free zones and industrial centers in Sohar and Salalah, the port is part of the developmental plans to create an infrastructure for tourism and fishing, besides creating facilities for petrochemical, refining, educational and training institutes. Among the objectives of the Special Economic Zone Authority in Duqm is to develop the central arid region of the country and create ample space for international and local investors to build world-class projects. This will help achieve promising growth in the Omani economy and at the same time strengthen the country's position at the international level.


Indicators
Population - End of September - 2016 4,513 million
Gross Domestic Product Prices 2015 (Mn. R.O.) 27.0
GDP per Capita In Rial Omani 6,242
Average Daily Production of oil September 2016 (000) BBL 1,003.4
OMAN IN WORLD ECONOMIC INDICATORS
IndicatorRank
Enabling World Trade Index (2014) 31
World Competitiveness Index (2015 - 2016) 33
Economic Freedom Index 2015 52
Travel and Tourism Competitiveness Index 2015 65
MARITIME TRADE ROUTE

At the mouth of the Arabian Gulf and in the path of trade routes to East Africa and the Orient, Oman built a commercial empire centuries ago. Historical sources show that over a thousand years ago, sailors travelled on the seas between Oman and China. By the middle of the 9th century there was an established trade route between Muscat and trading ports in the Far East. Independent first-hand sources give a reasonably clear picture of this route. Vessels would set off from Muscat, Sohar, Qalhaat or Sur in Oman, crossing the Sea of Oman and the Arabian Sea, to reach India. From India, passage would be made to modern-day Sri Lanka and then across the Bay of Bengal to the Strait of Malacca. Merchant ships would then sail between the Malay Peninsula and the island of Sumatra before heading north towards Vietnam or trading in Singapore. Arab merchants, would either seek supplies in Singapore or trade goods there. Those who sought contact with mainland China, however, continued through the South China Sea, before sailing towards Canton, stopping only at the Paracel Islands for food and water


PEOPLE OF OMAN

Like the diversity of the environment and terrains in Oman, Omani people's features differ as well. The desert dwellers' features are different from those of mountain dwellers, and the features of the urban population are different from those residents of remote villages who depend on agriculture and livestock for their livelihood.


In general, Omani features are characterized by a broad smile and the authentic Arabic generosity that is in the Omani blood. This is evident in the Omani hospitality widespread throughout the country, whether be it the aromatic Omani coffee offered to visitors or the laden palm trees that welcome anyone who wishes to taste their fruit.



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