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Foreign Investment Promotion Analysis in Sultanate of Oman: The Case of Dhofar Governorate

Author

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  • Alexandrina Maria Pauceanu

    (Department of Marketing and Management, College of Commerce and Business Administration, Dhofar University, Salalah, Oman)

Abstract

The stiff rate of competition among the developing countries to attract foreign investments in the regions of their countries has created the deeper understanding of the main foreign direct investment incentive. It is obvious that the foreign investment became a priority for most of the governments. This research paper aimed at examining the main approaches and factors in foreign investment promotion within Dhofar Governorate in Sultanate of Oman. Data collected from relevant scholarly papers and government reports, interviews with officials in charge of foreign investment promotion and the conclusions from participation in meetings and public debates have been utilized in the analysis. Economic and political stability are among the factors which actually motive foreigners to invest in the region. Additionally, high purchasing power, a big market size and low cost of doing business in the region has been reported to be very desirable. It is evidence that the government from Sultanate of Oman have promoted aspects of foreign investments by offering a number of incentives such as favorable government policies and laws, and offering lower tax rates, creating free zones, business incubators, etc.

Suggested Citation

  • Alexandrina Maria Pauceanu, 2016. "Foreign Investment Promotion Analysis in Sultanate of Oman: The Case of Dhofar Governorate," International Journal of Economics and Financial Issues, Econjournals, vol. 6(2), pages 392-401.
    • Handle: RePEc:eco:journ1:2016-02-4
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    References listed on IDEAS

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    1. World Bank, 2016. "The World Bank Annual Report 2016," World Bank Publications - Books, The World Bank Group, number 24985.
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    Cited by:

    1. Hisham Mohamed Hassan & Sonal Devesh & Omer Ali Ibrahim, 2022. "The Importance of Trade Openness and Inflation for Attracting Foreign Direct Investment in GCC Countries," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 17-40.
    2. Irery L. Melchor-Duran & Allan Villegas-Mateos, 2024. "Comparative Analysis of the Determinants of Entrepreneurial Activities in the Middle East and Latin America," World, MDPI, vol. 5(2), pages 1-19, March.
    3. Nasser A. Alkathiri & Mohammad Soliman, 2022. "Examining foreign direct investment determinants of tourism industry in Oman and Egypt: The moderating role of investment environment," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(4), pages 4722-4740, October.
    4. Omer Ali Ibrahim & Sonal Devesh & Mughees Shaukat, 2022. "Institutional determinants of FDI in Oman: Causality analysis framework," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(4), pages 4183-4195, October.

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    More about this item

    Keywords

    Foreign Direct Investments; Oman; Investment Incentives; Gulf Cooperation Council; Foreign Promotion Efficiency; Dhofar; Free Zone;
    All these keywords.

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages

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