Franchise Opportunities in Oman
Popular franchise directions in Oman
Attractiveness of Oman for the development of franchise busines
Oman is a country in the Middle East, located in the southeastern coast of the Arabian Peninsula. The population of the country is 5,000,282 people including 71.0 % living in an urban area.
The economy of Oman seems to be in good shape. The country deals mainly with oil and gas exports which generate between 68% - 85% of the revenue. However, tourism also contributes to the economy of the country; the number of tourist arrivals has grown up to 2, 700, 000 people in 2018.
The best franchise opportunities could be found in the largest cities of the country such as Muscat (797,000 ppl), Seeb (237,816 ppl), Salalah (163,140 ppl) and Bawshar (159,487 ppl).
Franchise business is flourishing in Oman enabling more and more new companies to enter the market. A rather young population, relatively high per capita income and many tourists foster the development of out-of-home dining and entertainment industries. Among the other successful franchise businesses are fast food sector, car rental, family-oriented, recreational and educational outlets. Famous US brands are dominating in fast food franchise sector in the country. To start a franchise in Oman, the franchisee and franchisor must sign a formal contract, which must be registered with the Registrar of Agents and Commercial Agencies at the local municipality.
There are high investment business opportunities, as well as cheap franchises in Oman presented for review, the choice is yours.
Indicators of Omani Business Market
Currency: Rial (OMR, ر.ع.)
Education Index (2015): 0,652
Official languages: Arabic
Per capita GDP (PPP): $46,522
Quality-of-life index (0-10): -
Population: 4,42 mln
Total GDP (PPP): $198,224 billion
Ease of Doing Business Ranking, Rank: 78
Human Development Index (HDI): 0,821