Oman’s ongoing drive to create an investor-friendly environment, encourage entrepreneurial activity and develop the Sultanate’s workforce will be explored in a forthcoming report to be produced by the global publishing firm, Oxford Business Group (OBG).
The Report: Oman 2015 will look in detail at development within the country’s infrastructure, particularly its transportation projects which are playing a key part in creating new jobs and helping the Sultanate to diversify its economy. The publication will also chart Oman’s efforts to adopt a bigger regional role, by integrating itself more fully within the GCC.
OBG has signed a second Memorandum of Understanding (MOU) on research facilities with PwC Oman for its forthcoming report. Under the MOU, OBG will once again have access to the professional services network’s resources, which will be used to compile the Tax Chapter of The Report: Oman 2015.
Regional Director, Jana Treeck, said, “Oman’s non-oil growth had become a key focus of OBG’s research in recent years. We are now witnessing the results of the Sultanate’s bid to expand its economy on the back of significant hydrocarbons wealth, with major capital works projects under way and smaller businesses taking root.” “Oman’s tax environment is a critical consideration for any foreign company looking to do business in the Sultanate. I am delighted that we will benefit from PwC’s knowledge of Oman’s tax framework and others across the region, which, I’m sure, will prove useful for both the local and international business community,” she added.
PwC Oman’s Country Senior Partner, Kenneth Macfarlane, agreed that reforms and tax incentives were producing a raft of new opportunities for investors eyeing Oman. “The Sultanate’s Free Trade Zones and Free Trade Agreements, in particular, are proving instrumental in helping the country to broaden its economic base,” he said. “I look forward to charting the changes that Oman has made to its tax regime and sharing our analysis, through Oxford Business Group’s report, with the global investment community,” he added.
The Report: Oman 2015 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. It will include a wide range of interviews with leading personalities, including His Majesty Sultan Qaboos bin Said Al Said and the Executive President of the Central Bank of Oman Hamood bin Sangour bin Hashim Al Zadjali. The publication will be available in print or online.
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