Known for its breath-taking coastal attraction, architectural exquisiteness driven by its rich cultural heritage, and endowed natural beauty, Oman deserves to be in the list of ‘places to visit’ for every travel enthusiast. Coming to business and economy, Oman has one of the fastest GDP growth rates in the GCC; even better than the UAE and Saudi Arabia. The Sultanate has witnessed significant developments in the field of economy and education among others. Oman is a member of the WTO and its leading trading partners are the UAE, Qatar, Saudi Arabia, India, China, and the European Union. The Sultanate seeks to diversify its economy and reduce its dependency on oil revenues. Other prosperous industries in Oman are travel and tourism, transportation, agriculture and fishing, construction, manufacturing, etc. The service sector, which includes wholesale and retail, education, health care, and others, contributes to more than half of the country’s GDP.
Oman’s eCommerce industry is still at a sprouting stage. The country has a strong internet penetration (over 70%) and an even better smartphone usage trend (second-best in the GCC after the UAE). All these combined with a GDP per capita of about USD 15,500, Oman provides ample reason to believe that it has the potential to emerge as a bustling eCommerce market.