Oman » Business
Statistics
• Main imports: Machinery, transport equipment, manufactured goods, food and livestock.
• Main exports: Petroleum, liquiefied natural gas, fish, metals and textiles.
• Main trade partners: China (PR), United Arab Emirates, Japan, Korea (Rep) and Thailand.
Economy
For the past decade, major parts of the economy have been privatised and foreign investment is being actively encouraged. The economy has grown by an impressive 38% over the past two years but with inflation increasing to 4.8%. ’Omanisation’ (the employment of indigenous as opposed to expatriate workers) is gaining momentum but unemployment among young Omanis remains high (15% according to the last official Omani census in 2003).
Oman is a member of various pan-Arab political and economic organisations - but not OPEC.
Business Etiquette
Office hours: Sat-Wed 0800-1300 and 1600-1900, Thurs 0800-1300.
Government office hours: Sat-Wed 0730-1430, and sometimes open for a half-day on Thursday.
All offices are closed Friday. Office hours are shorter during Ramadan.
Business Contacts
PO Box 550, Postal Code 113, Muscat, Oman
Tel: 24 813 500.
Website: www.mocioman.gov.om
Oman Chamber of Commerce and Industry
PO Box 1400, Postal Code 112, Ruwi, Oman
Tel: 24 707 674 or 84 or 94.
Website: www.chamberoman.com
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Information in this section was last updated: Wed May 23 2012
