What is Oman?

Located in the southeast of Arabian Peninsula in West Asia, SultanateofOman is the most important oil export channel in the world, guarding the the Strait of Hormuz in the Persian Gulf. Oman is one of the oldest countries in Arabian Peninsula. In 2000 BC, it has carried out extensive maritime and land trade activities and become the shipbuilding center of Arabian Peninsula.

Oman belongs to a traditional agricultural society. About 40% of Omani residents are engaged in agriculture, fishery and animal husbandry, and most of them are self-sufficient. The main products are barley, jujube, gold, petroleum, copper and iron. Oman began to exploit oil in the 1960s. Although it is rich in natural resources, it is still a relatively rich Arab country because of its late economic start, weak economic foundation and relatively slow development.