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Oman Economic Forum in its two previous editions focused on the long term vision of the sultanate that have kept it immune from regional and international bumps. This event in 2008 and 2010 brought forth development policies on all fronts as well as diversification plans geared to lessen dependency on oil exports which ultimately attracted the interest and participation of high level personalities.

Oman Today

In 2011 Omani authorities proved successful in coping with local challenges on the one hand and benefiting from international developments on the other. Positive indicators included growing budgetary spending without sparking inflation as well as a steady rise in oil output. In addition policymakers, vehemently set on diversifying the economy, have set new tax laws, new privatization laws, enhanced non-oil sectors, and formed a market-friendly economic environment.

Unlike other oil producing countries, Oman petroleum activities share of total GDP doesn’t exceed 41% mark compared to 59% for non petroleum activities, which marks a well diversified economy.

Moreover, the banking sector has recently witnessed a u-turn in its policies sparking wide interest, as Oman’s Central Bank issued a ruling, in May 2011, allowing Islamic banking activities and services and thus initiating a new era of banking in the sultanate.

The 3rd Oman Economic Forum discussed above mentioned aspects, and as with every round attracted the highest level of speakers, who presented the participating audience with detailed insight on Oman economy and existing investment opportunities.

NEWS
Al-Iktissad Wal-Aamal and Al-Nawras Grant One Blackberry to the Best Social Media Coverage May 16th, 2012
Congratulations to Ms. Sharifa Al-Barami, winner of “Best Social Media Coverage” prize at the 3rd Oman Economic Forum (OEF), which took place in Muscat on April 22-23 under the patronage of HH As’ad Bin Tarik Bin Taimur Al Said. Ms. ...
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The Third Oman Economic Forum looks into development of SMEs and the Industrial Zones Apr 23rd, 2012
Oman Economic Forum-organized by the Ministry of Commerce and Industry & Al-Iktissad Wal-Aamal Group, in cooperation with Duqm SEZA, the Central Bank of Oman & Oman Chamber of Commerce and Industry,- second day proceedings focused on the de ...
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