Oman has been ranked as the world’s 32nd most competitive country in the World Economic Forum’s Global Competitive Report. A lot of Multinational companies like Oracle, Microsoft and more have seen and understood the potential of this economically powerful city.
The stable economy is the strongest reason for any investor to go ahead with his investments in several ongoing projects and tenders in Oman. There is a multitude of infrastructure and development projects upcoming in Oman that include new build ports, airports, roads, industrial zones and specific economic zones which further include Construction of Batinah Expressway – Package 4, Maintenance and Operation Services for a Sports Stadium and many more of such projects.
Apart from this, you also get full support from Oman’s highly skilled, multilingual workforce that has expertise in almost every sector of the modern economy; such as oil & gas, manufacturing, logistics, tourism, agricultural & fisheries and shipping & mining.
The best part about investing in Oman is its flat tax rate of 12% for all businesses. Not only this, you also get 78,000 USD in profit tax exempt. The tax system is genuinely flexible and friendly and gives the foreign investors the opportunity to have the exemption on profits for 5 years which is further renewable for the next 5 years.
In the end, you’ll always know that your decision to invest in this sultanate that has abundance of opportunities in the construction projects and tenders was always your best decision.