Business & Economy of Oman
The redevelopment of Muscat's port will transform Port Sultan Qaboos to Oman's first address on the waterfront. The new port facilities are designed to support the government's efforts to diversify the economy by creating up to 5,000 direct jobs and accommodating up to 10,000 visitors per day.
Economy of Oman
Oman's economy is primarily based on agriculture. Since the 1960s, the production and export of oil has been an essential income source for the country. In response to fluctuating oil prices, the government is trying to develop new income sources such as tourism, shipping and logistics, mining, manufacturing, and aquaculture.
Notable companies of Oman
Central Bank of Oman
The principal currency authority in Oman (state-owned).
National Bank of Oman
NBO was the first local bank in Oman.
Muscat Securities Market
Oman's only stock exchange (state-owned).
Financial services company with the largest network in Oman with over 150 branches.
Oman Arab Bank
Liquefied natural gas.
OQ is a state-owned oil, gas, oxo chemicals, and plastic concern.
Omantel is Oman's leading telecommunications company.
An Omani telecommunications company.
Oman Oil Marketing Company
OOMCO gas stations with shops.
Petroleum Development Oman
State-owned PDO is the leading oil and gas exploration and production company in the country.
An Omani-based privately owned holding company.
Chamber of Commerce and Industry
Oman Chamber of Commerce
The OCCI represents the country's private economic sector.
The Omani national airline is based at Muscat International Airport in Seeb.
Muscat International Airport
Muscat International Airport (IATA: MCT) is Oman's main international airport, located about 11 km west of the capital.
Port of Salalah
The Port of Salalah is Oman's chief port.
The port of Sohar in the governorate of Al Batinah North is a deep seaport with an adjacent free trade zone.
National Ferries Company
NFC operates trips from all the major ports in the Sultanate.
Oman National Transport Company
MWASALAT is the leading public transport company in the Sultanate of Oman.
An Oman Air Boeing 737 heading for Muscat International Airport.
Image: Kurush Pawar