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The general economic situation in Oman is very good. The country owes this to two factors: firstly, the very prudent leadership of the Sultan Qaboos and secondly, the oil and gas resources in the country. However, in recent years, the importance of other sectors of the economy has also been understood, and efforts have been made to promote them further. Thus, the tourism industry, industrial enterprises in general, and agriculture have also become important components of the domestic economy, even though the sale of oil and gas still accounts for around 80% of the government's revenue. The de...

The Sultanate of Oman is located in the southeast of the Arabian Peninsula. To the northwest, the country borders the United Arab Emirates, to the west Saudi Arabia, and to the southwest Yemen. The 1,700-kilometer-long coast in the east forms a natural border. There, Oman borders the Indian Ocean, the Gulf of Oman, and the Persian Gulf. The total area of the country is 309,000 square kilometers. Thus, the state is just slightly smaller than Germany. The territory includes the exclave Musandam at the Strait of Hormuz. The United Arab Emirates separate Musandam from the rest of the country. The...

Oman's foreign trade in the first half of the last century was limited exclusively to agricultural products. Oman’s top exports early on were dates and regionally produced vegetables, fish, and frankincense resins. Trade during this time was primarily a domestic affair, with virtually no exchange with other states. Even rice, a staple of Omani food, was imported. Other types of goods were rarely imported nor considered necessary. There were no major trading ports in Oman, no serviceable airports, no infrastructure, and no modern communications technology. Oman was a dead country economically, ...