The economy of Oman is mainly centered around its oil sector, with fishing and trading activities located around its coastal regions. When oil was discovered in 1964, the production and export increased significantly. The government has made plans to diversify away from oil under its privatization and Omanization policies. This has helped raise Oman's GDP per capita continuously in the past 50 years. It grew 339% in the 1960s, reaching a peak growth of 1,370% in the 1970s. Similar to the pricing of all other commodities, the price of oil is subject to significant fluctuations over time, especially those associated with the business cycle. A commodity's price will rise sharply when demand, like that for oil, outpaces supply; meanwhile, when supply outpaces demand, prices will fall.
The Cooperation Council for the Arab States of the Gulf, also known as the Gulf Cooperation Council, is a regional, intergovernmental, political, and economic union comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The council's main headquarters is located in Riyadh, the capital of Saudi Arabia. The Charter of the GCC was signed on 25 May 1981, formally establishing the institution.
Ahmed Ali Al Sayegh is an Emirati politician who is a minister of state in the United Arab Emirates since 19 September 2018.
The Forum for the Future in Bahrain on 11–12 November 2005 brought together, by suggestion of the prime minister of Spain, José Luis Rodríguez Zapatero, the leaders of states of the Middle East, industrialised countries of the Group of Eight (G8) and other partners to promote political, economic and social reform in the region. Delegates at the conference included US secretary of state, Condoleezza Rice, British foreign secretary Jack Straw, French foreign minister Philippe Douste-Blazy and Arab League Secretary General, Amr Moussa. The forum members discussed an agenda to promote the values of human dignity, democracy, economic opportunity, and social justice.
The Kuwait Investment Authority (KIA) is the State owned sovereign wealth fund of the State of Kuwait, managing the state's reserve and the state's future generation fund, also known as "Ajyal Fund".
Blue City was a planned city project in the Sultanate of Oman with a $20 billion budget. The city was supposed to spread over 32 square kilometers and 16 kilometers of coastline along the coastal region at Al Sawaadi, 45 minutes from Muscat.
The Office of Intelligence and Analysis (OIA) is an agency of the United States Department of the Treasury responsible for the receipt, analysis, collation, and dissemination of foreign intelligence and counterintelligence information related to the operation and responsibilities of the Treasury Department.
The Kuwait Fund for Arab Economic Development (KFAED), commonly known as the Kuwait Fund, is the State of Kuwait’s agency for the provision and administration of financial and technical assistance to developing countries.
The Qatar Investment Authority is Qatar's sovereign wealth fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In November 2024, the QIA had an estimated $526 billion of assets under management.
The Gulf Railway, also known as the GCC Railway, is a proposed railway system to connect all six Gulf Cooperation Council member states in Eastern Arabia. The rail network will have a total length of 2,177 km. The project is estimated to cost US$250 billion. It was scheduled to be completed by 2030, although as of 2023, construction work has yet to start.
Ibrahim bin Abdulaziz bin Abdullah Al-Assaf is a Saudi politician who served as finance minister, foreign minister, and state minister of Saudi Arabia.
OQ, formerly known as Oman Oil Company, is an energy investment company headquartered in Muscat, Oman. It is a wholly owned subsidiary of the Government of Oman through the Oman Investment Authority state-owned enterprise.
Samena Capital is an Asia, India and MENA-focused alternative investments group, co-established in 2008 by Shirish Saraf and key partners from a cross section of industries and regions. This name was chosen due to the markets that Samena invests in. These are the Indian Subcontinent, Asia, Middle East and North Africa – a region collectively known as SAMENA. Also in ancient Buddhist script, Samena means "together" or "collective", which reflects the collective investment model the company is based on. The company and its subsidiaries employ 26 people in 3 locations worldwide, and has 48 shareholders.
The Oman Investment Fund is a sovereign wealth fund, established in 2006 in accordance with a royal decree of His Majesty the Sultan of Oman. The fund makes medium to long-term investments, globally and domestically, to diversify the government of Oman's asset base and create a pool of sustainable cash flow. As of December 2024, the fund's assets under management are estimated at approximately US$50 billion.
The New Administrative Capital (NAC), is a new urban community in Cairo Governorate, Egypt and a satellite of Cairo City. It is planned to be Egypt's new capital and has been under construction since 2015. It was announced by the then Egyptian housing minister Mostafa Madbouly at the Egypt Economic Development Conference on 13 March 2015. The capital city is considered one of the projects for economic development, and is part of a larger initiative called Egypt Vision 2030.
Haitham bin Tariq Al Said is Sultan and Prime Minister of Oman.
The Abu Dhabi Fund for Development (ADFD) is a foreign aid agency established by the government of Abu Dhabi in 1971. The fund provides concessionary loans to fund economic and social development projects. The fund also invests in order to expand and strengthen the private sector economies of its clients.
Bangladesh–Oman relations are the bilateral relations between Bangladesh and Oman.
Sultan bin Salim bin Said al-Habsi is the current Minister of Finance of Oman since 18 August 2020. He is also the chairman of Oman Investment Authority.
