Oman
The original report was published in the USA Today on Monday, November 19, 2012
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For the past 42 years, the Sultanate of Oman has been enjoying strong socioeconomic development. Hugging the southeastern tip of the Arabian peninsula, Oman has a history to celebrate and a future to truly look forward to
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Oman is developing its fiscal and monetary policy co-ordination to ensure continued financial sector growth
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Working with the government, the Telecommunications Regulatory Authority's top priorities lie in broadband penetration and market competition
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From ports and roads to airports and railways, Oman is developing a world-class infrastructure to further enhance the social and economic development of the country
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 Muscat International Airport Air transport in Oman plays a key role in the country's development strategy and is vital to encouraging the growth of a vibrant tourism industry
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 Oman’s beautiful landscapes play with color contrasts: turquoise blue waters, ochre rock and sand, and green vegetation On the occasion of the Sultanate of Oman's 42nd National Day, Minister of Tourism Ahmed Al Mahrizi discusses tourism's contribution to Oman
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Nestled between water and mountains, Muscat enjoys a magical setting where quality of life is on the rise
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 Oman Air Oman Air paves the way, being the first in the region to offer in-flight WiFi services
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Raising production of oil to 1 million barrels per day is a target Oman is striving to achieve
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 OOC’s portfolio includes 32 investments across 10 countries, including the UAE, Spain (shown here) and China A business enterprise which prides itself on expansion and networking is starting to reach its maximum potential within the industry
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Dozens of companies such as Al Ghalbi actively participate in the sultanate's vision to create more jobs and add value to the Omani economy
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Ali bin Masoud Al-Sunaidi highlights downstream industries as the way forward for Oman and considers SME enterprises as the future employer of Omanis
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 Mr. Ajay Ganti, CEO Al Seeb Technical Establishment (SARCO) SARCO's story reflects the history of Oman. Its CEO, Ajay Ganti, emphasizes transparency, communication and trust in its people as the key to the success achieved in recent years. Oman has experienced a similar projection and, according to Mr Ganti, it will play a more prominent role in the world in the next 10 years
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 Trawling was banned in Oman’s fishing sector, one that makes up 2% of the nation’s total gross domestic product The agriculture and fishing sectors make up a significant portion of the country's exports, while employing nearly a tenth of the population
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Wider access to higher education to help innovation and entrepreneurism is one of the principle aims of the government of Oman
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Mr. N. A. Ansari, Director & Head of the Plant Jindal Shadeed Iron & Steel, explains how his company is looking to improve the industrial climate in Oman by creating direct and indirect jobs, and providing new opportunities for all the related activities in their industry
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 Port of Duqm Company (PDC) As part of the Special Economic Zone in Duqm, the newly developed Port of Duqm will provide the centrepiece to the new hub being created
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 Oman Shipping Company Mr. Nicholas Fisher, CEO, Oman Shipping Company, delivers a highly realistic appraisal of the Omani shipping industry’s immediate future
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H.E. Sheikh Abdullah Salem Al-Salmi, Executive President of CMA explains to United World how the sultanate is endeavoring to grow its capital market and increase transparency in the business sector
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The Research Council (TRC) in Oman is set to lead the way in the development of a national plan for scientific research within the sultanate
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Following a successful merger in 2010, Al Ahlia became part of the Royal Sun Alliance (RSA) Group, and as a new, stronger entity they rank as Oman's second largest insurer. Lloyd East, Managing Director, talks with United World about the company's growth and comments on Oman's business-friendly environment
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 His Majesty Sultan Qaboos with Hillary Clinton The two countries have shared trading interests ever since American merchant ships began docking in Muscat at the end of the 18th century
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Oman's Information Technology Authority is working to bridge
the digital divide within the country
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 Since 1970, Omantel has offered a full spectrum of telecommunications solutions With a successful track record spanning more than 40 years, the pioneering telecommunications supplier has been named number one six years in a row
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Heavy investment in intranational highways and roads and a GCC rail network are all under way
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 M.J.Park, CEO of Oman Drydock Company, H.E. Yahia Al-Jabri, Chairman of SEZAD, Peter Broers, CEO of Port of Duqm Company The new town of Duqm with a special economic zone at its core should generate substantial growth in the central region of Oman as it takes shape over the next two decades
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 Royal Opera House Muscat Maitha Al Mahrouqi, Undersecretary at the Ministry of Tourism, is building global awareness among the travel and tourism trade, media and consumers
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 The Wave, Muscat Muscat is home to one of the region's most successful and beautiful developments: The Wave
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United World meets with Mehdi Bin Mohammed Al Abduwani, Chairman of National Ferries Co., who discusses Oman's current and future ferry routes, which are serviced by the fastest and most sophisticated ferries in the world, and are becoming increasingly popular as they simplify travel
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Thinking outside the box led this exploration and production firm to important discoveries
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 Between 2008 and 2012, Daleel’s production grew by 20% per year Production on the Daleel oil field (discovered by a Japanese firm in 1989) increased substantially once Daleel Petroleum LLC took over in 2002
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 Oman has rich deposits of chrome, copper, marble and iron ore Oman is diversifying its economy away from oil and gas, placing a special emphasis on the development of small and medium enterprises (SMEs)
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 Gulf Mining Materials Co. (GMM) Since 2005, GMM has been a significant player in developing Oman's vast mineral resources
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Oman today offers a unique symbiosis of some of the finest and most advanced civilizations of the world
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Oman Fisheries Company is one of the largest private companies in Oman, heavily exporting to Europe and Asia and looking to expand further to the US
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During these difficult and volatile times, the Omani company has managed to progress both at home, with its market leading brands, and abroad
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John Cunneen, Executive Director, and Qais Saud al-Zakwani,
Deputy Executive Director of Oman's Authority for Electricity Regulation, discuss with United World the current events within the country's electricity sector
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 Vale Oman Pelletizing Co. Vale Oman Pelletizing Co. CEO Marcos Beluco talks about how the company has invested a great deal in Oman, establishing a pelletizing plant and training and hiring local talent, and how the host country provides just the conditions the Brazilian mining heavyweight requires
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 Oman Drydock Company (ODC) The first ship repair yard in Oman with the capacity to service and repair the largest crude oil or gas carriers in the world was officially opened in June 2012
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Aftab Patel, CEO of Al Omaniya Financial Services, discusses with United World what makes this Oman's largest and most successful non-banking finance company
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Emphasising broadband, the Omani telecommunications firm goes the extra mile for its loyal customer base
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LOCATION:
South Eeast Arabian peninsula, on the Gulf of Oman and the Arabian Sea, between the Uniated Arab Emirates, Saudi Arabia and Yemen
AREA:
total: 309,500 sq km
AREA - comparative:
slightly smaller than Kansas
LAND BOUNDARIES:
total: 1,374 km
COASTLINE:
2,092 km
CLIMATE:
dry desert; hot, humid along coast; hot, dry interior; strong southwest summer monsoon (May to September) in far south
NATURAL RESOURCES:
petroleum, copper, asbestos, some marble, limestone, chromium, gypsum, natural gas
LANGUAGES:
Arabic (official), English, Baluchi, Urdu, Indian dialects
POPULATION:
3,090,150 (July 2012 est.)
GOVERNMENT TYPE:
monarchy
CAPITAL:
name: Muscat
GDP (official exchange rate):
$71.89 billion (2011 est.)
GDP - real growth rate:
5.5% (2011 est.)
GDP - per capita (PPP):
$26,900 (2011 est.)
GDP - composition by sector:
agriculture: 1.5%
industry: 50.7%
services: 47.8% (2011 est.)
AGRICULTURE - products:
dates, limes, bananas, alfalfa, vegetables; camels, cattle; fish
INDUSTRIES:
crude oil production and refining, natural and liquefied natural gas (LNG) production; construction, cement, copper, steel, chemicals, optic fiber
EXPORTS:
$47.09 billion (2011 est.)
IMPORTS:
$21.35 billion (2011 est.)
ELECTRICITY - contracted generation capacity:
4.8 GW (2012 est.)
CRUDE OIL - production:
890,500 bbl/day (2011 est.)
NATURAL GAS - production:
27.1 billion cu m (2010 est.)
AIRPORTS:
2 international airports (Muscat and Salalah) and 4 regional airports (Sohar, Duqm, Ras Al Had and Adam) currently under construction
ROADWAYS:
total: 18,500 miles
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