ECONOMIC DIVERSITY AND CONTRIBUTION OF TOURISM TO OMAN ECONOMY

Abstract

Oman economy is heavily dependent on oil revenues. Crude oil accounts for more than half of total

export earnings, The crude oil sector is the major contributor to the GDP of the Sultanate with almost half (more

than %40). Agriculture and fishery industry are considered as the other industries may possibly effect on reducing

the economic disparities while contributing positively on GDP. Contraty that agriculture is far from the desired

contribution to economy. So the next the main trigger may become the tourism industry which will contribute

the overall economy, by supporting the other industries and on the other hand making the triggering effect etc.

The reason of this approach can be easily seen since Oman carries great tourism potential when considered its

geographical point, nature, history, culture, climate etc. In its economic impact report for 2017, the WTTC placed

Oman ninth in the world in terms of overall tourism industry growth. The purpose of this study is to explain the

positive economic impacts of tourism in general and as in the case of Oman, from the point of income generating,

employment effect and other impacts.

Keywords

• Econmic diversification,Tourism,Travel,Tourism Prodcut,Oman.

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