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April 19, 2008 | By Purva Sethi

The sultanate of Oman is one of the few developing countries that have succeeded in realizing, in a short period of time, a considerably high level of economic growth. Oman's economy is based on the free economy concept where competition, free markets and pricing mechanisms prevail. The market economy remains the main focus of Oman's strategy since its modern renaissance and the government encourages and supports private sector enterprises. Oman is now one of the most politically and economically stable countries in the Middle East. ...cont´d

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