Oman is, like many countries in the region, heavily dependent on oil and gas which make up between 68-85% of the governments revenues. Oman is using enhanced oil recovery technology to increase oil production. In addition, the government has focused on diversifying the economy and improve the industrialization and the privatization. The government focus on sectors such as tourism, shipping and logistics, manufacturing and mining. Moreover, renewable energy is estimated to contribute to the economic growth of Oman ahead. Overall, these sectors in addition to the food sector, make up interesting fields for Swedish companies in Oman.
Oman is one of the easier countries to conduct business in, in the region. Oman has recent years made it easier to start a business in the country by improving employment and custom processed. To get construction permits and paying taxes are other areas which are relatively easy. Challenges for Swedish companies may be to take part of public investments and to understand the local legislative system.
Business Sweden covers Oman through the regional office in Dubai. We carry out services such as market analyses, partner and distributor searches, establishment support, and public affairs management. Get in touch to find out more about how Business Sweden can assist with specific questions or to discuss how to develop your business in the Middle East.