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GENERAL
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Official Name
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Sultanate of Oman
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Capital
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Muscat
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Area
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309,500 Sq Km
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Weather (in ºC)
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Temperature during summer may exceed 50 ºC. The average monthly maximum temperature in the capital Muscat varies between 40 °C in June and 25 °C in January.
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Population
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4.62 Million (March 2022)
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Forest Cover (% of total area)
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Negligible (0.006 %)
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CO2 Emissions
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87,835,773 tons in 2016
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Tourist Arrivals
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0.652 million (2021)
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Age Profile
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0-14 years: 30.15% (male 561,791/female 533,949)
15-24 years: 17.35% (male 331,000/female 299,516)
25-54 years: 44.81% (male 928,812/female 699,821)
55-64 years: 4.02% (male 77,558/female 68,427)
65 years and over: 3.68% (male 64,152/female 69,663) (2020 est.)
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Life Expectancy
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76.3 years
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Languages (with %age of speakers, if available)
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Arabic (official), English, Baluchi, Swahili, Urdu, Indian dialects
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Ethnic Groups
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Arab, Baluchi, South Asian (Indian, Pakistani, Sri Lankan, Bangladeshi), African
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Main Religions (with %, if available)
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Muslim 85.9%, Christian 6.5%, Hindu 5.5%, Buddhist 0.8%, Other 1%
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Internet Penetration
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95.2%
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Mobile Phones
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5.86 Million subscribers
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Urbanization
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86.3% of total population (2020)
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ECONOMIC
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Currency
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Omani Rial (OMR)
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Exchange rate with US$
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2.6 USD
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Exchange rate with INR
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195.58 (March 2022)
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GDP
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US$ 73.97 billion (WB, 2020)
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GDP Growth (annual%)
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-3.2 % (WB, 2020)
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Major Sectors (%of GDP,
2021
(Source : NCSI, Oman)
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Petroleum Activities – 32%
Construction – 7%
Wholesale & Retail Trade – 9%
Public Administration & Defence – 11%
Other Activities – 41%
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Unemployment Rate (%)
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3.1% (2021, WB)
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Inflation. Consumer prices (annual%)
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1.5 % (2020, WB)
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GDP per Capita
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14,485.4 USD (2020, WB)
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Total Trade ( Goods & Services)
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74.60 USD Billion (2020, OEC World)
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Exports (Goods & Services)
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35.60 USD Billion (2020, OEC World)
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Imports (Goods & Services)
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39.00 USD Billion (2020, OEC World)
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Balance of Trade
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3.40 USD Billion (2020, OEC World)
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POLITICAL
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Political Structure
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Absolute Monarchy headed by Sultan
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Head of State (President)
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His Majesty Sultan Haitham Bin Tarik
Sultan of Oman is the Head of State
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Head of Government (Prime Minister)
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His Majesty Sultan Haitham Bin Tarik
Sultan of Oman is the Head of Government
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Minister of Foreign Affairs
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H.E. Sayyid Badr bin Hamad bin Hamood Albusaidi
Foreign Minister
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Political Issues
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1. Economic diversification.
2. Employment for youth.
3. Concerns related to regional security and ongoing war in Yemen.
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BILATERAL
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Bilateral Trade
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US$ 9.988 billion (2021-2022) (DoC, India)
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Indian Exports
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US$ 3.148 billion (DoC, India)
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Imports into India
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US$ 6.840 billion (DoC, India)
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Major items of Export and Import
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Export from India
Mineral fuels, machinery & mechanical appliances, electrical machinery & equipment, ships & boats, iron & steel products, synthetic fiber & yarn, textile and apparels, cereals, plastic products, ceramic products etc.
Import to India
Petroleum, petrochemical products, fertilizers, cement, aircraft parts, ships & boats etc.
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Indian Investments in the country
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- Indian firms have invested in Oman in various sectors like iron and steel, cement, fertilizers, textile, cables, chemicals, automotive, etc.
- In Sohar, Indian investment are in projects from Larsen & Toubro, Jindal Shadeed Iron & Steel, Indsil Ferrochrome, Metkore Alloys & Industries etc.
- In Salalah, Indian investments are in manufacturing projects like TVS Chennai’s Dunes Oman LLC (automotive), GC Textile Corporation & Division (textile), Oswal Group’s Saltic FZCO (Chemicals), Hind Aluminum (Cables), Kailash Group’s guar processing unit, Nagarjuna Fertilizer plant etc.
- In the Duqm Special Economic, Zone, there is also a significant Indian presence, including Sebacic Oman’s $ 1.2 billion project for the largest sebacic acid plant in the Middle-East.
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Oman's Investment in India
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- Oman-India Joint Investment Fund (OIJIF), a JV between SBI, India and State General Reserve Fund (SGRF) of Oman, set up in July 2010 as SPV to invest in India
- OIJIF Tranche-II is focusing on four sectors- industrial, consumer, financial services and health care.
- OIJIF commenced its operations in 2011 with initial seed capital of $100 million which was fully invested across seven Indian companies from diversified sectors. OIJIF has raised another $220 million for its Tranche -II and is being invested in India.
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Indian Origin / PRs/ Indian Students
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As per the latest data provided by Oman Government there are 1,426 PIOs / 550 Indian students in Oman.
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Indian diaspora
(composition and any pertinent information that may be of interest)
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Indian diaspora is the second largest diaspora in Oman after Bangladesh. Approximately 6.2 lakh Indian-origin community members live in Oman. The majority of them are blue collar workers (both unskilled and semi-skilled). A small percentage comprises of professionals like doctors, engineers, chartered accountants, teachers, managers, businessmen etc. At the end of February 2022, there were 4,90,114 Indian workers in Oman.
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Indian Organizations
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OMIFCO, LIC, Bank of Baroda, State Bank of India, New India Assurance Co, BEL, TCIL, Wipro, EIL, Jindal Shadeed Iron & Steel, L&T etc.
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