Doing Business in Oman
EENI - Business School.
Subject (Course): Foreign Trade and Business in Oman - Muscat. Syllabus:
- Introduction to the Sultanate of Oman (the Middle East).
- Doing Business in Muscat.
- The Economy of Oman.
- Omani foreign trade
- Cases of Omanis Companies.
- Case Study: Mohammed Al-Barwani
- Introduction to Arabic
- Access to the Omani Market
- Business Plan for Oman
Objectives of the subject “Doing Business in the Sultanate of Oman”:
- To analyse the Omani economy and foreign trade
- To evaluate business opportunities in the Sultanate of Oman
- To explore Oman's trade relations with the student's country
- To know Oman's Free Trade Agreements (FTAs)
- To examine the profile of Omani businesspeople and companies
- To develop a business plan for the Omani market
Sample of the subject - Business in Oman
Subject Description: International Trade and Doing Business in Oman:
The Sultanate of Oman.
- The capital of the Sultanate of Oman: Muscat (1.2 millions of people).
- Oman is a Monarchy.
- Thanks to its strategic location at the entrance of the Persian Gulf, Oman is considered a country of significant geostrategic value.
- Oman shares borders with Yemen, Saudi Arabia, and the United Arab Emirates.
- Abolition of slavery in Oman: 1970
- The official language of Oman: Arabic
- Area: 309,500 square kilometres
- Omani Population: 4.3 million people
Religion in Oman.
- Islam Sunni is the main
religion of Oman
- Maliki is the main school of Islamic Jurisprudence
Oman belongs to the Arab Economic Area of the Islamic Civilisation.
The economy of Oman.
- The main natural resources of Oman are petroleum and natural gas.
petroleum reserve (4 billion barrels) are not crucial, so the Omani
Government wants to make Oman one of the leading
exporters of natural gas.
- The main products manufactured in Oman are textiles, cement, furniture, fertilizers, and fibreglass products.
- The main suppliers are the United Arab Emirates (UAE), Japan, and the United Kingdom.
- The main destinations of Omani exports are China, Japan, and South Korea.
- The currency of Oman: Rial (OMR)
In Muscat are located the largest Oman's companies:
- Suhail Bahwan, retail partner for firms such as Toshiba, Subaru, Seiko, Hewlett-Packard, General Motors, RAK Ceramics
- Saud Bahwan Group: a regional distributor of Toyota, Daihatsu and Hertz Rent-a
- Zubair Automotive, a distributor of Mitsubishi, Chrysler, or Dodge
Mina Sultan Qaboos is the largest commercial port. The port is also a
centre of international trade between the Persian Gulf, the Indian subcontinent, and the Far East with an annual volume of 1.6 million tonnes.
The creation of the Jebel Ali Free Zone in Dubai -
United Arab Emirates, has made increasingly diminish its importance in the region.
Hasan Juma Backer Trading & Contracting has invested 700 million dollars in the dry port project of the Port of Abidjan.
Oman's Free Trade Agreements (FTA):
Oman has Free Trade Agreements (FTA) with China, Korea, Australia, the European Free Trade Association (EFTA), New Zealand, Thailand, and the MERCOSUR.
- Gulf Cooperation Council (GCC)
- Indian-Ocean Rim Association (IORA)
- United States-Oman FTA
- European Union-Oman FTA
- India-Oman FTA
- Australia-Gulf Cooperation Council FTA
- Trade Preferential System among the Member States of the Organisation of Islamic Cooperation (TPS-OIC)
The United States-Oman Free Trade Agreement (FTA):
Regional Institutions (Oman).
Oman is a member of the United Nations (UN), the International Monetary Fund (IMF), the World Trade Organisation (WTO), Group World Bank (WB), the Gulf Cooperation Council (GCC), the Greater Arab Free Trade Area…
- Arab League
- Organisation of Islamic Cooperation (OIC)
- Asia-Middle East Dialogue (AMED)
- Arab Gulf Programme for United Nations Development Organisations (AGFUND)
- Summit of South American-Arab Countries (ASPA)
- Afro-Arab cooperation
- Arab Bank for Economic Development in Africa (BADEA)
- Islamic Development Bank
- Economic and Social Commission for Western Asia (ESCWA)
- Asia Cooperation Dialogue
The European Union-Oman (Gulf Cooperation Council) Free Trade Agreement (FTA):
India-Oman (GCC) Trade Agreement: