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Country name:

conventional long form: Sultanate of Oman
conventional short form: Oman
local long form: Saltanat Uman
local short form: Uman
former: Muscat and Oman

 

Capital:

Muscat. Population: 620,000 (census 2003).
 

 

Location:

Middle East, bordering the Arabian Sea, Gulf of Oman, and Persian Gulf, between Yemen and UAE

 

Area:

309,500 sq km (119,500 sq miles).
 

Description:
The Sultanate of Oman occupies the eastern edge of the Arabian Peninsula with almost 1,700km (1,062 miles) of coastline stretching along the Indian Ocean and the persian Gulf. It is bordered by the Kingdom of Saudi Arabia to the west and the Republic of Yemen to the south. The United Arab Emirates lies to the northwest of Oman and to the east lies the Arabian Sea and the Gulf of Oman.

Population:

3.2 million (CIA estimate 2007).

 

map of oman
  

Languages:

Arabic is the official language
 

 

Climate:
From May to August it is very hot and humid in all parts of the country except Dhofar. The climate is best from late September to early April. Rainfall varies according to the region.

Economy - overview:
Natural gas accounts for nearly 80% of Oman's revenue while agriculture, including dates, limes and alfalfa and some livestock, accounts for most of the rest. There are mineral deposits of copper, chromite, marble, gypsum and limestone, manganese ore and coal. Revenues are used to develop the country's infrastructure and to boost home industries such as tourism and construction, as outlined in the Vision 2020 economic development programme.
For the past decade, major parts of the economy have been privatised and foreign investment is being actively encouraged. The economy has grown by an impressive 38% over the past two years but with inflation increasing to 4.8%. 'Omanisation' (the employment of indigenous as opposed to expatriate workers) is gaining momentum but unemployment among young Omanis remains high (15% according to the last official Omani census in 2003).

Economy:
Natural gas accounts for nearly 80% of Oman's revenue while agriculture, including dates, limes and alfalfa and some livestock, accounts for most of the rest. There are mineral deposits of copper, chromite, marble, gypsum and limestone, manganese ore and coal. Revenues are used to develop the country's infrastructure and to boost home industries such as tourism and construction, as outlined in the Vision 2020 economic development programme.
For the past decade, major parts of the economy have been privatised and foreign investment is being actively encouraged. The economy has grown by an impressive 38% over the past two years but with inflation increasing to 4.8%. 'Omanisation' (the employment of indigenous as opposed to expatriate workers) is gaining momentum but unemployment among young Omanis remains high (15% according to the last official Omani census in 2003).

 

 

Industries:

crude oil production and refining, natural gas production, construction, cement, copper

 

Exports:
Petroleum, liquiefied natural gas, fish, metals and textiles.

Main trade partners: China (PR), United Arab Emirates, Japan, Korea (Rep) and Thailand.

Imports:
Machinery, transport equipment, manufactured goods, food and livestock.

Exchange rates:
Omani Rial (OMR) = 1,000 baiza. Notes are in denominations of OMR50, 20, 10, 5 and 1, and 500, 250, 200 and 100 baiza. Coins are in denominations of 50, 25, 10 and 5 baiza

http://www.worldtravelguide.net/country/213/money/Middle-East/Oman.html

Exchange Rates

GDP :

US$27.3 billion (2006).

 

 

Useful links:

 

 

 

  Copyright By :  Kish Trade Promotion Center  2002