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OMAN: Fact Sheet


1. GENERAL:

Area: 309,500 sq. km. (coastline 2,092 kms.)

Capital: Muscat

Main Cities: Muscat (capital), Nizwa, Sohar, Salalah, Sur, Buraimi.

2. GOVERNMENT:

Founder: Imam Ahmed bin Said (1778)

Head of State and Head of Government: His Majesty Sultan Haitham Bin Tarik (since January 2020)

Parliament: Bicameral. The parliament is composed of two Houses: Majlis al-Shura (Lower House) and Majlis al-Dawla / State Council (Upper House)

Governorates and provinces: Oman has 11 provinces (muḥäâfaẓah) headed by a Governor and 61 provinces (wilayat)

National Day: 18 November

Judicial system: Mixed legal system of Anglo-Saxon law and Islamic law

3. POPULATION, RELIGION & LANGUAGE:

Population: 4.49 million (August 2020)

Omanis: 2.72 million (60.5%); Expatriates: 1.77 million (39.5%)

Density: 14.9 inhabitants per sq. km.

Religion: Ibadhi Muslim 75%, Others 25%

Language: Arabic

4. ECONOMY:

GDP: US$ 76.3 billion (2019)

GDP per capita: $16,522 (2019)

GDP growth rate: -0.8 % (2019)

Unemployment rate: 2.4 % ( June 2018 )

Proven crude oil reserve: 4.84 billion barrels (December 2019)

Natural Gas reserve: 23.8 trillion cubic feet (December 2019)

Budgetary Projections 2020:

Projected Expenditure: RO 13.2 billion

Revenue: RO 10.7 billion

WTO Membership: Joined on 09.11.2000

Leading Foreign Trading partners :

Import sources: UAE, China, India, USA, Italy, Japan, South Korea and Thailand

Export destinations: UAE, Saudi Arabia, Qatar, India, China, US, Japan

5. MISCELLANEOUS:

Currency: Rial Omani (R.O.) 1 = 1000 Baizas. (R.O. 1 = U.S.$ 2.58 or R.O. 0.387 = US$ 1)

Calendar/ Public Holidays: Oman follows the Gregorian calendar. Fridays and Saturdays are official weekly holidays.

September 2020