Economic Overview & Business Opportunities
As a port city, Muscat is dependent on trade for its economic stability. The city has traditionally exported products like dates, mother of pearl, and fish. Today, the main port of Mina Sultan Qaboos is a hub of trading between Oman and the Persian Gulf, India, and the Far East. The discovery of large oil reserves in the 1960s has had a tremendous impact on the economies of both Muscat and Oman. The oil industry is the second largest employer in the country.
The economy is multifaceted, and oil is not the only component. There are several trading companies in Muscat that partner with major corporations from throughout the world. Muscat is becoming a premier vacation and resort destination for travelers all over the world, and millions come to the city, contributing to its overall economic health.