Occupying the south-east corner of the Arabian Peninsula, Oman has a strategically important position at the mouth of the Gulf. After deposing his father in 1970, Sultan Qaboos Bin Said opened up the country, embarked on economic reforms and boosted spending on health, education and welfare. The economy is highly depended by oil, in spite Oman is a small modest producer. Other relevant sectors are agriculture, fishing and tourism, recently increased thanks to the beauties of the country, with untouched coastline, mountains, deserts, forts and ancient cities.
The country has so far been spared the militant Islamist violence that has plagued some of its neighbors. It has long been a useful Arab ally to Washington, not least because of its steady relations with Iran. Oman has not been immune from the groundswell of political dissent in the region. Protests in 2011 demanding reforms were dispersed by riot police.
The 3 million citizens have a pro capita income of US $ 26.200 (in 2011). Inflation rate is at 4% while the public debt is only at 4% of GDP. Economy is in a positive momentum and after a 4% increase posted in 2010 and 2011, the current year is projected above 6%.
Following the all-time record posted in 2012, the Omani car market rose another 14.7% in first half 2013, pushed up by strong economic environment and surging competition. Toyota kept the share around 50% while Nissan and Hyundai shine.
Following the all-time record posted in the 2012, when Oman car market surged in a respectable 36th world's place, the 2013 started with a strong January performance, with sales up 29.6% from last year. Strong start for Toyota, at 54% market share.
Pushed by strong economic factors and growing immigration, Oman car market in 2012 posted new all-time record, outpacing the 200.000 units for the first time, rising 21.4% from the previous year. Toyota dominates the market with share above 50%.
The Oman car market in May was 17.005 units, 53% up from last year. Year-to-date sales in May were 78.742, up 12.7% from last year. Toyota dominates with over 50% market share and the best three selling models.