Tech Investment Opportunities
Why Sultanate of Oman?
Why I have to choose Sultanate of Oman than other countries to start up my business?
What kind of infrastructures are available in Sultanate of Oman and how can I get benefit from them?
How do the agreements will benefit my business?
Strategic location
The Sultanate of Oman’s strategic location along key global shipping routes provides easy connectivity to the Arab Gulf, Africa, and the Indian subcontinent.
Infrastructure
Sultanate of Oman is investing in economic diversification, industrialization, and infrastructure including telecommunications, manufacturing, ports, special zones, and public services to reduce reliance on oil revenues.
Free Trade Agreement
Sultanate of Oman signed number of International and Bilateral Investment Agreements with different countries, and one of these agreements is with the USA.
The communication and information technology sector ecosystem in the Sultanate of Oman represents an attractive investment environment based on an advanced digital infrastructure, competitive incentives, supportive regulations, and qualified national competencies, which enhances the growth of the digital economy. The system also includes a range of promising investment opportunities in the fields of telecommunications and information technology, cybersecurity, cloud computing, semiconductors, space, video games, and other technical sectors, opening wide horizons for investors to benefit from the available potential in the sector.
A competitive investment environment
The Sultanate of Oman provides an attractive business environment that supports the growth of technological investments, and the main incentives include:
- Allowing foreign ownership of up to 100% in permitted activities according to the prevailing regulations
- Freedom to transfer capital and profits without restrictions
- Tax and customs exemptions for eligible projects in free and industrial zones
- No income tax imposed on individuals
- Free trade agreements with several countries, most notably the United States, Singapore, and India
- A unified service center to facilitate licensing and permit procedures, and the possibility of obtaining an investor visa according to the applicable regulations
Digital Infrastructure
The Sultanate of Oman possesses an advanced digital infrastructure that includes a modern telecommunications network, 21 international submarine cables, data centers, as well as economic and free zones and industrial cities that support technological investments and digital industries, and an artificial intelligence zone, enhancing the Sultanate's readiness to attract value-added projects.
Facilitating Investment in Tech Sector
Government entities are working to facilitate the establishment procedures for tech projects and accelerate the start of their operational activities, particularly in the fields of:
