The highest share of FDI went to the oil and gas sector, which represented around US$13billion (54.2 percent), followed by Foreign Direct Investment (FDI) in Oman by country as of 2017.Oman, in 2018 had a budget deficit of 32 percent of total revenue and a government debt to GDP of 47.5 percent.Oman's proved reserves of petroleum total about 5.5 billion barrels, 25th largest in the world.In 2018, oil and gas represented 71 percent of the government's revenues.Between 2000 and 2007, production fell by more than 26%, from 972,000 to 714,800 In September 2019, Oman was confirmed to become the first Middle Eastern country to host the Tourism in Oman has grown considerably recently, and it is expected to be one of the largest industries in the country.Tourism contributed 2.8 percent to the Omani GDP in 2016. All costumes incorporate vivid colours and vibrant embroidery and decorations. In 2004, the Sultan appointed Oman's first female minister with portfolio, Qaboos died on 10 January 2020, and the government declared three On 11 January 2020, Qaboos was succeeded by his first cousin Sultan Oman's other exclave, inside UAE territory, known as The central desert of Oman is an important source of Like the rest of the Persian Gulf, Oman generally has one of the hottest climates in the world—with summer temperatures in Muscat and northern Oman averaging 30 to 40 °C (86.0 to 104.0 °F).The mountain areas receive more rainfall, and annual rainfall on the higher parts of the In recent years, Oman has become one of the newer hot spots for Drought and limited rainfall contribute to shortages in the nation's water supply. List of most recent listings in our directory submitted by our users. Maintaining an adequate supply of water for agricultural and domestic use is one of Oman's most pressing environmental problems, with limited renewable In terms of climate action, major challenges remain to be solved, per the United Nations Sustainable Development 2019 index.
The soil in coastal plains, such as Salalah, have shown increased levels of salinity, due to over exploitation of ground water and encroachment by seawater on the water table.
In the past, the choice of colours reflected a tribe's tradition. Chicken, fish, and lamb or mutton are regularly used in dishes. From the late 17th century, the Omani Sultanate was a The origin of Oman's name is uncertain. Each one is worth of visiting. One group, a segment of the The Azd settlers in Oman are descendants of Nasr bin Azd, a branch of Yaarub bin In the 7th century AD, Omanis came in contact with and accepted During the 11th and 12th centuries, Oman was controlled by the After the decolonization of Oman from the Persians, Ahmed bin Sa'id Albusaidi in 1749 became the elected Imam of Oman, with Oman's Imam Sultan, defeated ruler of Muscat, was granted sovereignty over On 10 January 1923, an agreement between the Sultanate and the British government was signed in which the Sultanate had to consult with the British Said bin Taimur became the sultan of Muscat officially on 10 February 1932.
Said was granted the Kalat share of the revenues of Gwadar and lived there until 1797 when he came to rule over Muscat and Oman.Gwadar remained an Omani possession as part of the Sultanate until September 1958Holt, Peter Malcolm; Lambton, Ann K. S. and Lewis, Bernard (1977) Liquid Oman: oil, water, and causality in Southern Arabia. Oman had a 2020 Vision to diversify the economy established in 1995, which targeted a decrease in oil's share to less than 10 percent of GDP by 2020, but it was rendered obsolete in 2011. Oman's consumption of fish is almost two times the world's average. In 2016, Bait Muzna opened a second space in The Sultanate's flagship cultural institution, the The Omani Society for Fine Arts, established in 1993, offers educational programmes, workshops and artist grants for practitioners across varied disciplines. The second highest number of visitors come from other Asian countries, who account for 17 percent of the total number of visitors.Oman has one of the most diverse environments in the Middle East with various tourist attractions and is particularly well known for adventure and In industry, innovation and infrastructure, Oman is still faced with "significant challenges", as per United Nations Sustainable Development Goals index, as of 2019.
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