🇴🇲🇱🇰 Oman & Sri Lanka to Deepen Economic Ties 🤝

Omani Ambassador highlights growing opportunities for Sri Lankan businesses under Oman's Vision 2040, aimed at economic diversification (non-oil sector budget exposure is ~65%). • Key Potential Sectors for SL Investment in Oman: Tourism development (Oman welcomed ~3.9M visitors in 2024), apparel manufacturing, agribusiness, private education, and technology ventures. • Existing Collaboration: Sri Lankan Santani Group is partnering to build 2 luxury resorts. Omani firms (in energy and logistics) maintain partnerships in Sri Lanka. • Investor Incentives: Oman offers a 10-year Golden Visa for investors committing US$ 500,000+. Industrial zones provide up to 30-year tax holidays and 100% profit repatriation. • Bilateral Progress: G2G MoUs have been signed in tourism and agriculture, with three more MoUs in progress. Efforts focus on expanding SL educational presence (currently only one school). • Strategic Advantage: Oman's stable currency (pegged to USD for ~55 years) and FTAs (US, Singapore, soon India) make it a key gateway for SL companies to the GCC market.