Ithraa, Oman’s inward investment export development agency, has signed a memorandum of understanding with global advisors Ernst & Young to collaborate on inward investment matters and publish a business guide.

The guide will be titled “Doing Business in Oman”, said a statement.

Sayyid Faisal Al Said, director general of investment promotion, Ithraa, said: “We are confident this strategic arrangement will strengthen Ithraa’s work in promoting Oman’s offer as a great place to live, work and invest.”

Oman’s success over the last 10 years has seen it take its place on the world stage as a top GCC business location. With significant investment in airports, roads, free zones, industrial estates, technology parks and ports, the sultanate’s status as an attractive and competitive business location continues to rise.

Companies relocating to Oman are finding modern infrastructure, a young, ambitious, educated and multilingual talent pool, world-class accessibility to growing GCC, Asian and African markets and a diverse range of affordable business and residential property.

Al Said added: “We are committed to attracting investment to the sultanate and promoting locally-made goods internationally. We take great pride in the information and services we offer multinationals, small and medium enterprises (SMEs) and start-up entrepreneurs looking to invest in and export from Oman.”

“We are a future-focused and ambitious country that is continuing to develop as a centre of international significance where both business and residents can prosper and thrive,” he said.

“In partnership with Ernst & Young, the goal is to produce an indispensable guide for entrepreneurs and businesses looking to relocate and do business in Oman. It will contain comprehensive and up-to-date information on everything from business structures, company registration, licenses and permissions through to free trade agreements,” he concluded. – TradeArabia News Service