FDI Standouts Watchlist 2023
Boosted by high oil prices and fiscal stability, the Sultanate of Oman was ranked fourth in the FDI Watchlist 2023, a study that assesses the world’s top 50 investment destinations. Topping the list Qatar, India, Morocco and then Oman. Followed by Saudi Arabia, Egypt, Singapore, Greece, and the UAE to complete the top 10.
Bitcoin As a Cornerstone of Oman’s Economic Future
The Sultanate of Oman, a country known for its diverse terrain of desert, mountain ranges, and long coastlines, holds a strategic position on the southeastern tip of the Arabian Peninsula. Today, Oman is contending in the crypto economy with bold Bitcoin Play of $1.1 Billion Investment on Bitcoin Mining Infrastructure.
Oman issues over 11,000 industrial licenses and customs, tax exemptions
The number of applications submitted for the import of raw materials and machinery, for which a tax exemption was issued for through the ‘Bayan’ system, amounted to 2871 permits for the GCC countries.
The Ministry confirmed that industrial establishments must apply for customs exemption before importing their items through the ‘Bayan’ system.
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Ascend Consulting provides solutions across the entire HR spectrum, from recruitment to HR support, from talent development to psychometric assessments and coaching for small and large businesses.
HR Advisory Services
- HR Audit
- Setting up company policies and procedures
- HR Manual reviews
- Creating job description, org, structure
- Performance appraisal system
Other services
- Psychometric Assessments (Hogan and Podium)
- Career & Leadership Coaching for professionals
- Recruitment for specialized roles
Gulf explosives also known as Gulfex, is a commercial explosive company established in 1976 in the Emirates of Ras Al Khaimah. Gulfex offers a wide range of products to its customers and represents some of the world-renowned explosive companies, from Europe, South America, South Asia, and GCC countries.
Nexalis International is an established firm that was founded in 1998. It is a trusted Engineering & System Integrator Company focused on Oil & Gas industry’s core Automation, Instrumentation, Information Technology & Telecommunication sector. Nexalis continues to grow its overseas Engineering, Procurement & Integration business footprints, with facilities in the Gulf region.
Purunity started their journey in 2012 with a view to transforming the drinking water industry whereby people can reduce plastic consumption and switch into healthier and sustainable solutions. It is a customer-centric company, growing with the purpose of contributing to the sustainability of planet Earth through better water and air care. Purunity operates the largest subscription-based water and air purifier service across Turkey and the GCC, serving over 50,000 households.
EER is one of the region’s leading providers of corporate services, immigration, and relocation. EER assists companies and their employees from all over the world, including the UK, USA, and Europe, with global mobility solutions and business set ups in the cities of the future. In addition to working across the Middle East in UAE, Bahrain, Kuwait Oman, and Qatar.
IBCF was founded in 1998 and is a premier provider of international corporate services for legal and tax professionals, corporations, and corporate service companies in all 50 states, US Territories, and international jurisdictions. In 2016, IBCF introduced International Business Company Formation UK Ltd. The expansion focused on fostering the special business relationship between the US and UK.