Oman - Foreign investment

Follow City-Data.com founder on our Forum or


The principal foreign investment is in the oil sector. Foreign private investment is officially encouraged in certain areas—such as industry, agriculture, and fishing—through an initial five-year tax exemption, which may be renewed for another five years. Foreign participation in a local company cannot exceed 65% (this also applies to the sharing of profits). Companies holding commercial agencies must also have at least 51% Omani participation. In 2002, the largest foreign investor was Royal Dutch Shell Oil, which holds a 34% of the shares of the state oil company, Petroleum Development Oman, and 30% of Oman Liquid Natural Gas. Other investors in the oil industry include Occidental Petroleum, Hapex, Amoco, and Elf Aquitaine. The Sultanate does not publish estimates of inbound and out-bound investment Foreign investment in the Muscat Securities Market (MSM) has averaged 15% to 16%, but has dropped in absolute terms. In December 1999, foreign investment in the MSM was $867.8 million. A year later this had fallen to $730.5 million, and at the end of May 2001, foreign investment in the SMS was $708.9 million. No systematic information is available on foreign direct investment (FDI).

Also read article about Oman from Wikipedia

User Contributions:

Comment about this article, ask questions, or add new information about this topic:

CAPTCHA