Inspiring Entrepreneurship In Oman To Achieve Economic Diversification

Inspiring Entrepreneurship In Oman To Achieve Economic Diversification

Oman's economy, like the rest of the Gulf, has generally depended on oil, although historically it was a country more reliant on agriculture and fishing. In fact, Oman only opened to foreign investment when oil was discovered in the 1960s, and has since grown tremendously, thanks in part to oil revenues and economic liberalization reforms.

Like other countries in the Gulf, Oman has focused on diversifying its economy, strengthening the private sector, and adopting policies to empower the local population to be less reliant on expatriate workers across all levels and industries.