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The Sultanate of Oman, one of the most progressive countires in the Middle East, has achieved remarkable growth in all sectors of economy during the past years and is well on its course for excellent growth. Though oil remains single most important source of revenue, the expansion of non-oil sector is expected to make the growth and development process of Oman more sustainable in the long run.
The Sultanate encourages foreign capital that will enhance the overall development of the country. It should supplement local investment in utilizing its untapped resources, facilitate transfer of technology, know - how and managerial skills, and getting benefit from the worldwide connections of multinational corporation in opening new markets for Oman products.
Oman is committed to a policy of open market economy based on free competition in which the Private Sector is encouraged and facilitated to play leading role. World class infrastructure facilities, incentives packages, attractive corporate tax and tax holidays, simplification of ‘doing business procedures’ and transparent corporate governance has made Oman as an attractive destination for investment .
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