2016 report to explore Oman's changing investment climate

United Kingdom-based publishing, research and consultancy firm Oxford Business Group (OBG) will author The Report: Oman 2016, which will detail Vision 2020 and 2040, the sultanate's economic roadmaps.

As oil prices drop, Oman must find ways to attract investors to help fund planned projects. Sectors that will be highlighted in  the report include transportation, logistics and tourism. Also covered will be ways Oman can promote the incentives it has available to investors, such as low tax rates and easy-to-work-with regulatory boards.

Contributions for the report will come from global law firm Dentons' Oman office and professional services firm PwC in Oman. Dentons will focus on the sultanate's legal framework advancements; PwC will put together the tax chapter of the report.

"There are several significant developments taking place at the decision-making level in Oman this year, including the World Bank's revision of the country's foreign investment law and the drawing up of regulations by the sultanate's Capital Market Authority covering corporate governance, mergers and acquisitions," Cate McCabe, OBG's country director for Oman, said. 

Paul Sheridan, partner at Dentons, said he looked forward to contributing to the report.

"Oxford Business Group's annual reports are firmly established as a valuable resource for businesses seeking up-to-date information on the wealth of opportunities within the sultanate and how best to navigate these," he said. "It will be a pleasure to continue sharing our knowledge with the group's readers."

Kenneth Macfarlane, country senior partner, PwC, agreed.

"PwC is committed to helping businesses develop within Oman and the Middle East," he said.

The Report: Oman 2016 will be a guide to many facets of Oman. It will be available in print or online.