Our first visit to Oman last week was remarkable in several respects. We were reminded again how regional countries – whether in Europe, Asia, or MENA – can be so similar yet so different.

Oman, like Saudi Arabia, Kuwait, Qatar and the UAE, is a monarchy, yet is unique in being a sultanate. It is also the oldest independent state in the Middle East. Its tourism sites are as spectacular as they are relative unknown [link]. The most popular beverage is Mountain Dew, which could account for the high energy level we noted among residents. 

The economy of Oman, with a population of 5.5 million, is centered around oil, travel, agriculture, and infrastructure. Its Vision 2040 aims to diversify and modernize the country socially, culturally, and economically. Helping to implement this is the Oman Investment Authority (OIA). Its prime responsibility “encompasses the prudent management of the Sultanate of Oman’s funds and assets, with a strategic focus on optimizing returns.”