Oman has a distinct history of developing entrepreneurship and international trade, undergoing a rapid transformation since the 1970s. The economy of Oman was previously primarily dependent on fisheries and agriculture production until the discovery of its oil and gas reserves, allowing the country to develop in areas such as industrialization as well as diversification of industries. Oman is governed by a sultanate system that adopts a forward looking pro-business vision, shaping the country to be an investment hub for many foreign investors and Foreign Direct Investments (FDIs). The country has designated three different Free Zones as well as two Special Economic Zones (SEZ) to encourage international firms to set up shop in those areas and increase the overall productivity of businesses. Business set up in Oman has become an increasingly popular choice for many investors as they view the jurisdiction to be an ideal long-term investment destination.

1. Technology-based Company

The Middle East, especially in Muscat, Oman’s capital city holds a vast scope in the technology-based start-up. One can invest in a technology-based transport start-up in the country like food delivery, mobile app grocery stores, taxi services, fitness products, e-commerce, and much more.

2. Event Management or Celebrity Management Company

Oman, famous for its lavish parties, celebrity events, grand wedding celebrations, sports events, and much more, is a great place offering great opportunities for creative people who have useful contacts in the entertainment industry and are good at managing and organizing different events. Profit margins in this industry are very high in Oman.

3. Travel and Tourism Business

With the Omani government taking significant efforts for the progress and betterment of the tourism and travel industry, this sector is flourishing well in the country. If one sets up a travel and tourism business in Oman, the initial investment would be just to rent an office, license for becoming a tourism conductor, office interior costs, and salaries for the employees of the company.

The travel and tourism business has a huge potential for long-term growth.

4. Restaurant Business

Going for a safe bet, one can never go wrong in choosing to set up a restaurant business in Oman. A person passionate about introducing their touch to the local taste and cuisine can make people revisit the restaurant.

Moreover, attaching a bar to the restaurant will maximize profits.

5. Facility Maintenance Company

A Facility Maintenance Company helps firms clean their facilities, fix electrical faults, fix plumbing problems and maintain the firm’s power plants. With a growing number of businesses and business opportunities, a facility maintenance company can be a brilliant business idea to reap profits.

6. Commodity Store

A thriving business option, a Commodity store in Oman is a great option to start a business in Oman as the country depends on its exports and imports to different partnering countries. Good returns are expected if one can manage to import these commodities at a cheaper rate and stock them at the store.

Dealing with multi-brands and multiple products will attract more customers and scale the business.