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Oman's 10th five-year plan (2020–2025) is the first implementation plan of Vision 2040, [25] and will focus its efforts towards achieving economic diversification. [26] The plan for economic diversification aims to move Oman away from the oil-and-gas-based sources of income, and has earmarked five sectors that have high growth potential and ...
By regional standards, Oman has a relatively diversified economy, but remains dependent on oil exports. Tourism is the fastest-growing industry in Oman. Other sources of income, agriculture and industry, are small in comparison and account for less than 1% of the country's exports, but diversification is seen as a priority by the government.
Oman, [b] officially the Sultanate of Oman, [c] is a country on the southeastern coast of the Arabian Peninsula in Western Asia. It overlooks the mouth of the Persian Gulf. It shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen. The capital and largest city is Muscat. Oman has a population of about 5.28 million as of 2024 ...
Al Busaidi is chairman of SABCO Group (1988 – present), based in Oman, which is one of the largest business groups in the country. Currently SABCO group is home to a large portfolio of companies including Amouage, one of the most well-known niche fragrance and luxury brands in the world.
OQ, formerly known as Oman Oil Company, is an energy investment company headquartered in Muscat, Oman. It is a wholly owned subsidiary of the Government of Oman through the Oman Investment Authority. OQ is involved in sectors such as infrastructure and transportation for energy, oil refining, petrochemical production, oil marketing, and power ...
Ruwi, the main business district of Muscat. Mosque in Ruwi. Ruwi (Arabic: روي) is a commercial hub and the main business area of Muscat, the capital of Oman. Attractions in Ruwi include a variety of multi-confessional religious buildings, a National Museum, a clock tower, and a park. The population of Ruwi is 85,601.
The Public Authority for Special Economic Zones and Free Zones (OPAZ) is a governmental body in the Sultanate of Oman. The Royal Decree No 105/2020 established OPAZ in August 2020. [ 1] The Special Economic Zone Authority strives to create an investment-friendly environment based on the ease of starting a business ("single window"). The Special ...
The Fort Lee, NJ, resident went on Adams’ trips to India, Hungary, Turkey, Jordan, Oman and Ghana starting in 2016, among other luxury jaunts, according to prosecutors who accuse the mayor of ...