Oman among top countries for investment

MUSCAT March 6 –
The Sultanate has been ranked the 10th best country in the world to invest by the US News & World Report 2018.
The rankings evaluated 80 countries from a survey of more than 21,000 global citizens, measuring 75 dimensions that have the potential to drive trade, travel & investment, and directly affect national economies.
The other countries on the top 10 list are Indonesia, Poland, Malaysia, Singapore, Australia, Spain, Thailand and India.
The only Arab country to be ranked among the best countries for investment,
Oman scores for its economic stability, tax environment, innovation, skilled labour, technological expertise, dynamism and zero tolerance to corruption, among others.
“Oman is a high income country that generates 84 per cent of its revenue from oil
resources. The country has a stable monetary policy and infrastructure programme providing the best climate for investments”, said the report.
For the rankings, the American media company focused on
just eight of the 65 attributes: entrepreneurship, economic stability, favourable tax environment, innovation, skilled labour, technological expertise, dynamism and corruption.
Responses from over 6,000 survey participants — who act as decision makers in business around
the globe — were then used to determine the ranking.