INTERNATIONAL TRADE
TRAINING & EVENTS INTERNATIONAL TRADE COURSES
SPOTLIGHT ON: OMAN
Oman is the second largest state in the Arabian Peninsula with a large expatriate population. Around 44% of Oman’s total inhabitants come from overseas, 7,000 of them from the UK. There are already many UK
NOVEMBER
Export foundations Date: Time:
5 November 9.30am-4.30pm
Location: Nottingham Price:
£260+VAT (members), £350+VAT (non-members)
Introduction to the customs declaration service Date: Time:
7 November 9.30am-12.30pm
Location: Chesterfield Price:
£25+VAT (members), £35+VAT
(non-members)
Authorised economic operator (AEO) – impact on importers and exporters Date: Time:
8 November 9.30am-4.30pm
Location: Nottingham Price:
£260+VAT (members), £370+VAT (non-members)
New incoterms 2020 rules Date: Time:
13 November 9.15am-1.30pm
Location: Leicester Price:
£184+VAT (members), £244+VAT (non-members)
For more information and to book your place on any of the above, call the Chamber’s dedicated International Trade team on 0333 320 0333 (option four) or visit
www.emc-dnl.co.uk/enabling-international-trade
Introduction to the customs declaration service Date: Time:
14 November 9.30am-12.30pm
Location: Chesterfield Price:
£25+VAT (members), £35+VAT
(non-members)
Inward/outward processing Date: Time:
26 November 9am-1pm
Location: Chesterfield Price:
£139+VAT (members), £199+VAT (non-members)
New incoterms 2020 rules Date: Time:
28 November 9.15am-1.30pm
Location: Chesterfield Price:
£184+VAT (members), £244+VAT (non-members)
companies operating in Oman, including: Carillion, Interserve, Taylor Woodrow, Petrofac, Jacobs, Turner & Townsend, Shell, BP, Ultra Electronics, Babcock, BAE and Rolls-Royce. A number of British banks, law and accounting firms and smaller service organisations also operate successfully. English is widely spoken here, particularly in business, and British business standards have also been broadly adopted, making it an attractive option for East Midlands businesses for growth in this region. It is not hard to see why Oman
is so attractive to UK expats. There have been long-term strong government investments in infrastructure, healthcare and education, no personal income tax to pay and great connectivity, particularly by air, to other Gulf markets - creating an appealing proposition for the many UK citizens that decide to make the move to Oman each year. The energy sector makes up
over 50% of Gross Domestic Product (GDP) and 75% of Oman’s export earnings, while investment
in the oil and gas sector, continues to grow. Oman’s economic policies aim to develop and create more private sector jobs in sectors such as petrochemical, metals and minerals, ports and logistics, fisheries and tourism. The UK’s exports to Oman are
mainly from machinery and construction products, business services, education and training services and the defence sector which are collectively valued at more than £600m each year. There is significant government
spending on large scale infrastructure projects in Oman as a result of record oil and gas revenue and the government’s ‘Vision 2020’ strategy. This huge project will deliver more than £50bn in new infrastructure including ports, airports, hotels, roads, industrial and economic zones, new railway links and healthcare facilities. With energy being a key
economic factor for the Omani government, overseas investment is actively encouraged in this sector with significant opportunities available for UK companies within the supply chain. It is worth noting that the Joint Supplier Registration System (JSRS) is a mandatory procurement requirement for companies that wish to secure direct contracts with any of the oil and gas operators in Oman, which
‘There have been long-term strong government investments in infrastructure, healthcare and education, no personal income tax to pay and great connectivity, particularly by air’
52 business network October 2019
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