Only 1% of population in the tax net as the first personal IT law imposes 5% tax on those with income above $109,230, after deductions
Oman Vision 2040
Latest in Oman Vision 2040
Aames Bay Development in Musandam
Oman announces 3 massive megaprojects for major transformation
The new Oman megaprojects will be located at Dhofar, Musandam and South Al Batinah
Green spaces in Oman
Inside Sultan Haitham City: Oman’s new 14.8mn square metre smart development
The design of the Sultan Haitham City’s residential quarters provide privacy a range of options that combine high and low densities to accommodate all income groups
Golf
Oman’s Muscat Hills Golf Club rebranded, relaunched as La Vie Club
The rebranded golf club has been relaunched following investment by Ominvest; will feature a new clubhouse, 80-room boutique hotel, residential and retail spaces
Dubai
No bubble in UAE real estate: Prices are going higher
Dubai real estate is still affordable relative to global markets and supported by the UAE’s positive economic outlook
Bart Carnahan
Former yacht club in Muscat to be redeveloped into Four Seasons resort and private residences
The luxury development will comprise of an urban style resort in a mountain and seaside setting, as well as a a collection of private residences with sweeping views of the Sea of Oman
industrial cities
How Oman is planning to supercharge its industrial sector by 2040
Madayn CEO reveals plan to establish a total of 40 industrial cities in the sultanate, up from nine currently
Job opportunities for nationals
Omanisation hits 10% in tourism sector as locals enter workforce
Boosting the level of locals in the private sector is key to Oman’s national development goals
Muscat
Who is the new Sultan of Oman, Haitham bin Tariq al-Said?
Oman woke up to some very sad news last weekend – the death of the longest serving Arab ruler His Majesty Sultan Qaboos Bin Said Al Said aged 79.
IMF
IMF urges Oman to introduce VAT as soon as possible
International Monetary Fund says sultanate’s economic recovery from the 2014 oil price shock remains subdued
airport passengers
Oman aims to double the number of passengers passing through its airports by 2030
The sultanate current attracts 18 million passengers and is aiming for 40 million