Oman ranks 120th in the global population index with 4.3 million, most of which are young and belong to the working class. There are 1.7 million employees across sectors in this country. Strategically placed, Oman has a coastline formed by the Arabian Sea on the southeast and the Gulf of Oman on the northeast.
The Middle East country with a competitive business landscape is rich in biodiversity and boasts of being a melting pot of cultures. It is the epitome of the rich and artistic Arabian experience and lures millions of tourists and businesses globally.
What contributes to the OMAN GDP?
Oman has a vast treasure of oil reserves, and oil exports contribute to over 82.2 percent of the country’s total exports. Oman has a large petroleum reserve of about 5.5 billion barrels and is the 25th largest oil reserve country.
Oman also earns from agriculture with products like dates, limes, grains, and vegetables exported globally and consisting of 1% of the GDP. Only 1% of Oman has cultivable land, so it is a primary food importer.
Tourism is the fastest-evolving industry in Oman due to its bio and cultural treasures attracting travel enthusiasts and adventure seekers. It contributes to 2.8 percent of the GDP and is a huge source of local income.
Another sector growing at an accelerated rate is the Digital Services Industry as Digital Marketing agencies are cropping up and helping entities reach a wider global audience.
The mining and Minerals Industry is a vast sector that helps the country’s capital growth.
Four primary factors propelling business growth in Oman:
The Pearl of Arabia is one of the most preferred business destinations in the Middle East, and the policies and geography of the country propel this.
Four ace factors mentioned-below favour doing business in Oman:
- The business-friendly environment in Oman is such that there are no restrictions on capital and profits repatriation.
- Oman has a massive workforce aggressively seeking opportunities that help businesses thrive.
- Oman has a lesser corporate tax rate of 15% enabling doing business easier than most countries.
- The country has premium-quality infrastructure that makes it attractive for multi-national entities who want a professional environment for their undertakings. The government’s investments and initiatives to improve road and railway has built a world-class infrastructure in the country.
A thriving destination for businesses, entities often need an experienced and skilled Digital marketing agency to help them cement their virtual presence. Oman has some of the best Digital marketing agencies listed below that help businesses grow in the competitive business scape.
- Adapts Media
- Miraj Media
- Biladi Caligraphers LLC
- OPPA Digital
- Mojo Group Dubai
- California Media
- Thampy Digital
- Eleven 777 Advertising
These agencies help businesses to have strong digital marketing acumen, sound social media strategy, and online visibility.
If you are a new or an established business keen on growing and reaching your goals, you must choose the best agencies and set a charted path for growth and revenue. Let the specialists handle the complicated marketing tasks while you create history using the best strategies recommended. Measurable results are what every business wants, and such agencies excel at the same.