Oman – General Information
His Majesty Sultan Qaboos Bin Said (since 1970)
The Sultanate of Oman is the second largest country in the Arabian Peninsula. The capital and largest city is Muscat.
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The economy of Oman is dominated by its oil and gas industries. However in recent years, the focus of government has been to develop the non-oil sector and hence a policy shift towards economic diversification, privatization of state-owned assets, and structural reforms. The country is seeing massive investments in areas such as transport (airports and railway) power, aluminum, fertilizers, petrochemicals, water desalination, infrastructure related works, and tourism sectors. In addition to multi-billion dollar investments in construction projects such as the Port of Duqm, Oman is seeing major investments in the real estate sector.
The exchange rate is fixed at approximately 1 OMR = $2.59.
Arabic is the official language, but English is widely spoken.
Oman has its roots firmly in Islam, but other religions are respected.
Oman is a politically stable country with hospitable people and very good international relations. Making Oman a perfect destination for business or leisure, given its wide range of five-star hotels.