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Country Highlights

Oman: Business Opportunities in the Tourism Industry

Oman’s tourism industry has seen rapid growth in recent years and offers attractive opportunities for entrepreneurs and investors. The country’s rich cultural heritage, stunning natural landscapes, and warm hospitality draw over 3 million visitors per year.

The Oman government has prioritized tourism development under its Vision 2040 strategy to diversify the economy. It aims to attract 11.7 million visitors by 2040 through targeted investments in tourism infrastructure. This includes new airports, roads, hotels, and attractions. Several major tourism projects are underway, such as the Ras Al Hadd Turtle Reserve and the Al Hoota Cave development.

New hotel construction is booming to meet rising demand, with over 15,000 additional rooms expected by 2023. International chains like Kempinski, Anantara, and JW Marriott have already entered the market. This creates opportunities for suppliers, contractors, interior designers, and other tourism-related businesses in Oman.

Nature and adventure tourism are fast-growing segments. Oman’s diverse topography, with mountains, wadis, beaches and deserts, offers activities like hiking, camping, rock climbing and off-roading. Tour operators specializing in these niche areas can thrive.

Oman’s tourism industry presents business opportunities for investors. The government has been investing in the country’s tourism infrastructure, including hotels, resorts, and transportation, to attract more tourists to the country. Oman is renowned as a top tourist destination, with cultural attractions, beaches and historical sites.

The country’s warm climate and stunning scenery make the tourism sector boom in the summer months, offering potential wealth for businesses operating in the hospitality industry and tourism. The government’s Vision 2040 development strategy aims to boost tourism, modernize agriculture, foster technology and startup ecosystems and establish free industrial zones.

Oman’s Public Authority for Special Economic Zones and Free Zones is actively promoting industrial Sohar, Salalah, and Al-Mazunah Free Zones. Other business opportunities in Oman include technology-based companies, event management or celebrity management companies, travel and tourism businesses, restaurant businesses, and facility maintenance companies

Therefore— Oman’s tourism industry presents various business opportunities for investors, and the government’s efforts to promote tourism and diversify the economy make it an attractive destination for investment.

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