The Sultanate of Oman is located in the southeast of the Arabian Peninsula, bordering the Strait of Hormuz, and is strategically located with rich oil and gas, fishing and mineral resources. At the same time, Oman is a hereditary monarchy, with internal stability and diplomatic neutrality, conducive to the development of various economic activities.

In May 2018, China and Oman signed a Memorandum of Understanding and a joint statement on the Belt and Road Initiative. The two sides agreed to take the China-Oman (Duqm) Industrial Park as an important vehicle to continuously promote their production capacity and investment cooperation and to continuously upgrade the level of practical cooperation between the two countries.

An investment agreement was signed between Ningxia China-Arab Wanfang Investment Management Co., Ltd.(referred to as "China-Arab Wanfang") and the Duqm Special Economic Zone. China-Arab Wanfang is led by the shareholders of Ningxia State-owned Capital Operation Group with a registered capital of 200 million yuan (about $28 million), and is the investment, development, operation and management unit of the China-Oman (Duqm) industrial park. At present, the company has built a 30,000-square meter business complex, a 16,000-square meter comprehensive business city exhibition hall and a 14,000-square meter factory warehouse in the light industrial park, attracting 6 enterprises to invest about 400 million yuan into the park, signing or completing the output value of about 1.5 billion yuan. The China-Oman (Duqm) Industrial Park has been listed as one of the 20 overseas key parks of the National Development and Reform Commission of China, one of the 16 key parks of the Ministry of Commerce of China, and a 20+20 key park of the China Council for the Promotion of International Trade, and has been strongly supported by various ministries and commissions of China.

The China-Oman (Duqm) Industrial Park

The China-Oman (Duqm) Industrial Park consists of an 8-million square meter heavy industrial park and a 5-million square meter light industrial park. The surrounding transportation of the park is convenient, with complete port and airport facilities. Compared to other overseas parks, the comprehensive profit margin has increased by 10-17%, and compared to domestic parks in China, the comprehensive profit margin has increased by 25-30%.

1.  Exemption from value-added tax, corporate income tax, import and export tariffs, etc. for 30 years;

2.  Enterprises can be 100% wholly foreign-owned, and there is no minimum requirement for registered capital;

3.  The entry and exit of funds are not controlled, and any trade restrictions and foreign exchange transfers are exempted;

4.  Low land rent, with localized labor accounting for 10% in Oman;

5.  Once the product cost reaches 33% or more, a certificate of origin in Oman can be obtained.