Last updated: January 20, 2020

The Sultanate of Oman is located in the southeast of the Arabian Peninsula and borders Yemen, Saudi Arabia and the United Arab Emirates. It has roughly the same area as Germany. The capital Muscat is located on the Gulf of Oman in the northeast of the country. Oman has a population of around 4.6 million, around 45 percent of whom are immigrants.

Political leadership has been held by SM Sultan Haitham bin Tariq Al Said, who succeeded his late cousin SM Sultan Qabus bin Said, since the beginning of 2020. Sultan Qaboos, as the modern Omani state saw itself, initiated the modernization of the country when he came to power in 1970. Oman is a member of numerous international and regional organizations such as the UN, the Arab League and the Gulf Cooperation Council and plays a mediating role in numerous conflicts.

As a result of the discovery of oil deposits in 1967, ambitious and future-oriented reforms could be tackled, which aimed primarily at the development of human capital and the return of the emigrated elites and at infrastructure measures. The sultanate seeks to diversify its oil and gas based economy. This is to be achieved through the expansion of tourism, industry, agriculture and fishing. Small and medium-sized companies are in the foreground. Oman generally pursues a market economy-oriented policy.

Positive trends in economic development are recorded in the Doing Business Report 2020  , among other things . For example, the capacities of exports and imports were increased by the infrastructure improvements around the port of Suhar.

The aim is, for example, to generate three percent of GDP in the tourism industry in 2020. German tourists should represent the second largest contingent from the European area. In addition, cruise and package tourism has increased steadily in recent years. In spring 2020, Oman will be the partner country of the International Tourism Fair ITB in Berlin.

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