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سلطنة عُمان
Sultanate of Oman

Flag of Oman Coat of Arms of Oman
Anthem
Nashid as-Salaam as-Sultani
Map of Oman
CapitalMuscat
Government Absolute monarchy
Sultan
- From 1970Qaboos bin Said al Said
Deputy Prime Minister
- From 1972Fahd bin Mahmoud al Said
Legislature Majles
- Upper houseState Council
- Lower houseConsultative Council
History
Aug 9, 1970Established
Area309,501 km²
Population
- 20103,608,545
 Density11.6/km²
GDP2010 (PPP)
- TotalUS$ 91.7 billion
- Per capitaUS$ 25,438
CurrencyRial
Flag of None British Residency of the Arabian Gulf
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The Sultanate of Oman is an absolute monarchy in Southwest Asia.


Background

The inhabitants of the area of Oman have long prospered on Indian Ocean trade. In the late 18th century, a newly established sultanate in Muscat signed the first in a series of friendship treaties with Britain. Over time, Oman's dependence on British political and military advisors increased, but it never became a British colony. In 1970, QABOOS bin Said Al-Said overthrew the restrictive rule of his father; he has ruled as sultan ever since. His extensive modernization program has opened the country to the outside world while preserving the longstanding close ties with the UK. Oman's moderate, independent foreign policy has sought to maintain good relations with all Middle Eastern countries. Inspired by the popular uprisings that swept the Middle East and North Africa in 2010-11, Omanis began staging marches and demonstrations - a small number of which turned violent in clashes with government security forces - to demand economic benefits, an end to corruption, and greater political rights. In February and March 2011, in response to protester demands, QABOOS reshuffled his cabinet, pledged to create more government jobs, and promised to implement economic and political reforms, such as granting legislative and regulatory powers to the Council of Oman.[1]

Economy

Oman is a middle-income economy that is heavily dependent on dwindling oil resources. Because of declining reserves, Muscat has actively pursued a development plan that focuses on diversification, industrialization, and privatization, with the objective of reducing the oil sector's contribution to GDP to 9% by 2020. Tourism and gas-based industries are key components of the government's diversification strategy. By using enhanced oil recovery techniques, Oman succeeded in increasing oil production, giving the country more time to diversify, and the increase in global oil prices throughout 2010 provides the government greater financial resources to invest in non-oil sectors.[2]

Sultan

  • Qaboos bin Said al Said () (July 23, 1970 - )


Deputy Prime Minister

  • Fahd bin Mahmoud al Said () (January 2, 1972 - )

Nation

Omani Polities

Neighbouring Nations

References

  1. The CIA World Factbook: Introduction - Background
  2. The CIA World Factbook: Economy - Overview

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