Event report

Looking Back | Country conference: Update on the economic and financial situation in the Sultanate of Oman

In April, the FBC held a conference dedicated to the economic and financial opportunities, as well as the business perspectives through the vision of a panel of companies and experts of the Omani market

We had the great pleasure to welcome as speaker, Mr Gilles Bordes, who displayed his vision and tips for new comers about the Sultanate, through his long experience as Head of the Economic Department at the French Embassy in Oman.

Ms Parwin Dina - GLOBAL TAX SERVICES, our event partner, Mr Mathieu Hulin - CMA CGM Oman, Mr Mehdi Mannai-Amri - FIVES MIDDLE EAST and Mr Olivier Petit - EGIS, as well as our moderator, Mr François-Xavier Bautmans - BIL, experts and professionals of companies trading in Oman, shared their experience and insights.

The dependance of the country toward to the oils (30% GDP) and how the situation will internationally evolve, its quite high balance of trade deficit, the expected increase of the public debt, the very high level of unemployment (17.5%), in particular among the youth (49%), were discussed.

Nevertheless, all of them underlined business opportunities still exist and are to be seized.

In 2016, the Omani government set up a wide program to boost 5 major sectors development in manufacturing, logistics, mining, tourism, and fishing.

However, most opportunities still lie in hydrocarbon and petrochemicals

Moreover, the expected growth rate of 6% - above the other GCCs's - has induced a catching-up effect. There is a big niche market for imported products, such as organic food.

Other articles


Special Offers with Dubai South

The Business Park Free Zone at Dubai South has everything it takes to grow your business - conductive environment, exceptional facilities , modern...




Club Synergy by FBC #4

SYNERGY by FBC aims to gather representatives of small and medium enterprises and entrepreneurs from all business sectors of Dubai and Northern...


Sharjah-France Economic Forum

The Sharjah Chamber of Commerce & Industry and the French Business Council Dubai & Northern Emirates have the pleasure to announce their collaboration...

Share this page Share on FacebookShare on TwitterShare on Linkedin