309,500 sq. km. (coastline 2,092 kms.)
Muscat (capital), Nizwa, Sohar, Salalah, Sur, Buraimi.
Imam Ahmed bin Said (1778)
Absolute Monarchy. No political parties.
His Majesty Sultan Qaboos bin Said Al Said (since 1970)
Head of the State and Govt:
The Sultan is Head of State and he is his own Prime Minister, Foreign Minister, Defence Minister and Finance Minister. He rules by Royal Decrees.
Parliament and its role:
Bicameral. The parliament is constituted of two Houses: 84-member elected Majlis al-Shura having four-year terms with limited legislative powers (Elections for the seventh council were held on 15th October 2011) and 83-member Majlis al-Dawla having nominated members with advisory powers.
No. of Provinces:
11 provinces, headed by a Governor ( muafa)
5. INDIA-OMAN TRADE:
Total Volume of Bilateral Trade:
US$ 4.55 billion(2012-13), Oman is the 40rh largest trade partner of India; 34th largest market in the world for Indian exports; destination of more than 0.87% of India’s global exports and source of 0.4% of India’s global imports. For Oman, India is the 3rd largest market for its exports, accounting for 10.2% of its global exports. For non-oil Omani exports during 2012, India was its largest destination. In terms of imports by Oman, India ranks 5th and is source of around 3.8% of Oman’s total imports.
India’s major imports from Oman:
Petroleum, petrochemical products and fertilizers.
India’s major exports to Oman:
Machinery, electrical & electronic equipments, iron & steel products, synthetic fiber & yarn, textile and apparels, meat, coffee, tea, rice, plastic products and seafood.
Indian Investment in Oman:
Oman India Fertilizer Company (OMIFCO), a US$ 969 mn. joint venture with Oman Oil and Iffco & Kribhco (50:50). Jindal Shadeed Iron & Steel plant: a US$ 464 mn. investment from Jindal Group of India. As of July 2010, there were 1537 Indo-Omani JVs in Oman of which Indian investment is estimated around US$ 4.5 bn.
Omani Investment in India:
Bharat Oman Refinery Limited (BORL): a US$ 2.4 bn JV between BPCL and Oman Oil Co. According to DIPP, FDI from Oman to India is US$ 30 mn.
Indian organizations/ companies in Oman:
Air India, Jet Airways, IndiGo, LIC, Bank of Baroda, State Bank of India, New India Assurance Co, TCIL, Wipro, EIL etc. There are 19 Indian schools, with classes up to XII in various parts of the Sultanate and are affiliated to CBSE.