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Oman -A Vital Market Link
The Sultanate of Oman is situated at the
entrance to the Gulf, occupying a prominent geographical location right
between the trade routes of the East and the West. It offers easy access to
markets in the Middle East and other parts of the world, from India,
Australia and Africa to countries like Malaysia and Singapore in South East
Asia.
Oman’s commanding position at the mouth of one of the world’s great
waterways, the source of two thirds of the world’s oil exports, gives the
country a unique business advantage. Foreign investors will find tremendous
scope for growth, both within and outside the country, with export markets
within easy reach. The Sultanate membership in the AGCC enhances economic
co-operation within the Gulf.
The Sultanate is a pioneering member of the Indian Ocean Rim Association for
Regional Co-operation. This enables it to actively participate in projects
like technology advancement, human resource development and diversification
of the country’s economic base. Oman’s membership in the Indian Ocean Bloc
opens up a vast potential market of over 1300 million people.
Population:
Population in Oman is
estimated around 2.3 million as per 93 general census, out of each 600,000 are
expatriate mainly Asians. The birth rate in Oman is about 3.8% per year and the
population density is estimated at 6 person per square meter. |
Head of state
His Majesty
Sultan Qaboos Bin Saed |
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Language & Religion :
Arabic is the official language in Oman ,however English & Urdu are widely
spoken in Oman on day-to-day basis. Islam is the main religion in Oman , however
residents communities has the right to freedom of worship.
Living Conditions :
Oman has one of the best living conditions in the world. With an excellent
infrastructure , advanced medical services, high living standards, four to five
star hotels with full facilities and entertainment , and with the increasing
influx of tourist to Oman, the country can be compared to those most advanced
nations. |
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GNP is averaged @R.o. 2570
as of 1997
Reasons for
investments in Oman:
 1. Strategic location connecting major world continent.
2. Political & economical stability.
3. Stable currency with full convertibility.
4. Free repatriation of capital & profits.
5. No personal income tax.
6. Free trade and open market policy.
7. Total business capabilities- Oman has the skills and service
to cater to entire spectrum of business activities.
8. Pursuance of privatization policy.
9. Availability of raw materials.
10. Soft loans from Oman development Banks for major projects
which employ Omanis.
Duties of the (PEIE):
To set up industrial estates as decided in developments plans.
To lease industrial plots and pre-fabricated buildings to investors and
provide related services.
To issue building permits to industrial projects set up at the estates.
To contribute in the promotion of products produced in the estates through
exhibitions.
To hold training courses and seminars for spreading industrial awareness
among investors as implemented by the concerned authorities.
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PEIE administer the followings Industrial Estates
in the Sultanate:
1. Rusyal Industrial Estates in Muscat region, established in
1983.
2. Sohar Industrial Estates in the Batinah Region, established
in 1991.
3. Rasyut Industrial Estates in Dhofar Region, established in
1991.
4. Nizwa Industrial Estates in the Interior Region, established
in 1994.
5. Buraimi Industrial Estates in Dahirah region, established in
1998. |
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In addition to
the above, the following service are also available:
Office for government units that provide certain service to the investors.
Medical services provided by clinic within the estate.
A residential area for the staff supplied with all essential services.
Some auxiliary commercial
services.. eg. A cargo office, stationary shop, supermarkets & restaurants.
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PUBLIC ESTABLISHMENT
FOR INDUSTRIAL ESTATES
Public Establishment For Industrial Estates (PEIE) was established by
virtue of Royal Decree No. 4/93 to assist in the development and
administration of the industrial estates, as well as encouraging the
private sector to contribute to the industrialization drive in the
Sultanate of Oman. RATES
OF SERVICES PROVIDED IN THE INDUSTRIAL ESTATES
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SL. NO. |
SERVICES |
UNIT |
RATE (R.O.) |
|
01 |
Lease of Industrial Plots |
Sq. Meter / Per year |
250 Bz. |
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02 |
Electricity |
K. Watt/Per Hour |
12 Bz. (August-March) 24 Bz.
(April-July) |
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03 |
Water |
Gallon |
3 Bz. |
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04 |
Gas |
M3 |
20.5 Bz. |
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05 |
Construction Permits |
Permit |
RO. 10 |
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06 |
Construction Drawings |
Plan |
750 Bz. |
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07 |
Duplicates of Lost Constructions
Drawing/Permit |
Plan or Permit |
Rate of Original Document |
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08 |
Duplicates of lost Contract Document
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Contract |
RO. 5 |
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09 |
Construction Insurance Deposit |
Permit |
RO. 150 (Refundable) |
1 Omani Rial = 2.58 US Dollar approx.
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