- “This will be the first of many events hosted by Forbes Middle East in Oman,” said Khuloud Al Omian, Editor-in-Chief of Forbes Middle East.
- Oman is revitalizing its economy by fostering a robust startup ecosystem and become a hub for innovation in the region.
- The combined profits of the Top 25 listed companies in Oman are estimated to be $2.1 billion.
Dubai, UAE: Forbes Middle East is preparing to host a stunning gala dinner in Muscat to honor the most successful companies in Oman. The spectacular event will be held on December 18, 2019, and will celebrate the country’s top listed and unlisted companies that have contributed to the country’s economic growth.
“2020 will be a very exciting year for Oman as it embarks on numerous initiatives to propel growth. There are so many companies helping Oman on this journey and we feel that it is important to recognize their success and everything they have achieved,” said Khuloud Al Omian, Editor-in-Chief of Forbes Middle East. “This will be the first of many events hosted by Forbes Middle East in Oman. We look forward to celebrating the country’s leading organizations and most influential individuals.”
Economic growth in the Sultante is projected to spike to 6% in 2020, according to a recent report by the World Bank. This is the highest rate of projected growth among GCC countries, compared to the expected 1.2% in 2019. According to Oman Tech Fund, Oman is fostering a vibrant startup ecosystem as it aims to become the innovation hub in the region.
The top 25 listed and unlisted companies of Oman will feature in the December edition of Forbes Middle East magazine. Information to collate the top listed companies was collected from the Muscat Stock Exchange.They were then ranked on the basis of market value, sales, assets and profits. The combined profits of the top 25 listed companies are estimated to be $2.1 billion while the total value of their combined assets are estimated to be worth $11.8 billion.
The unlisted companies ranking was devised by taking into account the size of the business (in regard to employees, number of branches and the number of countries they are in), the age of the company, their social initiatives, transparency and editorial points.
The event will be hosted in Muscat alongside LuLu Group as platinum partners and GBM and Danube Home as gold partners.
About Forbes Middle East
Forbes Middle East is a licensee of Forbes Media and extends the Forbes brand of journalism across the Arab world. Forbes Middle East's distinctive editorial style attracts a readership of Arab leaders, entrepreneurs, C-level executives, government officials and investors united by a belief in the spirit of free enterprise and entrepreneurial values.
Across the region, Forbes Middle East sets the pace for preemptive business journalism. By uncovering trends and anticipating opportunities in the regional marketplace, each monthly issue brings top executives the information critical to their success – in both Arabic and English language editions. The magazine researches and publishes original rankings, based on methodologies set by Forbes Media.
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© Press Release 2019