NEW YORK: The Sultanate of Oman is ranked 21st globally in the list of best countries for investment and doing business for the year 2024, according to a report issued by the American CEO World magazine.
This advanced classification reflects the tireless efforts made by the Sultanate of Oman to improve the business environment and enhance its attractiveness to foreign direct investment.
The report indicated that the Sultanate of Oman enjoys an economic stability score of 92.12 points, in addition to positive assessments of its government policies and skilled workforce. These factors, along with the classification of its institutional framework, which reached 92.34 points, confirm its attractiveness to foreign investment and entrepreneurship.
This advanced classification comes as a culmination of the Sultanate of Oman's efforts to implement Oman Vision 2040, which aims to diversify the national economy and reduce dependence on oil revenues.
It also highlights the role of the Invest in Oman Lounge, the leading official interface for major investments in the Sultanate of Oman, in simplifying the investor journey and providing comprehensive services.
The remarkable development in the infrastructure in the Sultanate of Oman, including free zones and special economic zones, which has enhanced its ability to attract foreign direct investment, and the focus on digital transformation and promoting technology-driven businesses has contributed to strengthening Oman’s position as a leading investment destination.
As the Sultanate of Oman continues to improve its business environment and provide innovative investment solutions, economists expect the Sultanate of Oman to maintain its attractiveness to international investors and continue to advance in global rankings in the coming years. — ONA
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