Oman’s unique geo-strategic location has enticed China’s recent $10BN investment in an industrial park at Oman’s southern port of Duqm on the northern Indian Ocean/Arabian Sea. Moreover, the Port of Rotterdam – the largest port in Europe – has played a key role in the impressive expansion of Oman’s Port of Sohar, located near the Strait of Hormuz and one of the fastest growing ports in the world. Furthermore, Denmark’s Maersk, the largest shipping company in the world, has played a major role in the development of Oman’s largest port, Salalah, which is situated near Yemen on the northern Indian Ocean.
Oman adheres to the moderate Ibadiyyah branch of Islam, and is ruled by the effective, but ailing, 78-year-old Sultan Qaboos, who is diversifying the economy, attracting foreign investment and moderating internal tribal rivalry, which could haunt the country upon his departure. Homeland security-driven attempts are being made to reduce the number of foreign laborers, who account for about 40% of Oman’s 4.8MN population.
Oman is located at the strategically critical Strait of Hurmuz, which is the only sea passage from the Persian Gulf to the open ocean (the Gulf of Oman/Indian Ocean), the route of 20% of the global petroleum.
Oman is sandwiched between Iran’s megalomaniacal Ayatollahs (21 nautical miles apart), Saudi Arabia and the United Arab Emirates – which are threatened by the Ayatollahs’ subversion, terrorism and conventional military – and the volcanic Yemen, which is a major platform of Islamic terrorism, extending the Ayatollahs’ reach in their attempt to topple the House of Saud.