Sunday, June 20, 2010

Oman, Muscat Cost of Living April 2010

Country Full Name: Sultanate of Oman.

Location: Oman is in the Middle East, bordering the Arabian Sea, Gulf of Oman, and Persian Gulf, between Yemen and UAE.

Country Climate: Dry desert; hot, humid along coast; hot, dry interior; strong southwest summer monsoon (May to September) in far south.

Country Terrain: Central desert plain, rugged mountains in north and south.

Major Languages: Arabic.

Major Religions: Islam.

Country Population: 2.8 million (2008 est.) 2.8 million (2009 est.).

Country Economy: The economy of Oman is based on oil, although in recent years, proven oil reserves have been holding approximately steady, although oil production has been decreasing. Oman has made active plans to diversify its economy and is placing a greater emphasis on other areas of industry, such as tourism and natural gas. Oman is known for its popular tourist attractions.

Currency: Omani Rial (OMR).

Country Inflation: 12.6% (2008 est.) 3.3% (2009 est.).

City: Muscat is the capital and largest city of Oman.

City Economy: Muscat's economy is dominated by trade, petroleum and porting. The more traditional exports of the city included dates, mother of pearl, and fish.
Cost of Living: Muscat has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Muscat is currently ranked 241 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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