MUSCAT: The Sultanate of Oman has achieved an impressive milestone in global salary rankings. According to the renowned database Numbeo, Oman has secured the 27th position worldwide, signifying the nation's strong economic growth and commitment to maintaining competitive remuneration packages for its workforce.
Numbeo, a widely recognized online platform providing extensive data on global living conditions, recently published its annual salary rankings report. The report compares the average monthly wages across various countries, offering valuable insights into the global employment landscape and cost of living.
The average monthly net salary in Oman (after tax), according to Numbeo is $ 2,205.82 making the country 27th worldwide and 5th in the Arab region. Topping the list is Switzerland with a monthly net salary of $ 6,340.21. Qatar came 4th with $4,135.60, UAE is 5th with $3,617.57, Kuwait is ranked 21st with $ 2,648/49 net monthly salary. Meanwhile, Saudi Arabia came 29th with $2,036.49 net monthly salary.
Oman's remarkable rise in the rankings is a testament to its sustained efforts in fostering economic development and ensuring favorable working conditions for its citizens and expatriate workforce alike. The country's strategic investments in key sectors such as oil and gas, tourism, logistics, and manufacturing have contributed significantly to its economic prosperity.
Oman's competitive salary rankings indicate the sound financial rewards available to professionals working in the country. The Sultanate of Oman's stable economy and focus on diversification have bolstered its attractiveness as a destination for skilled workers seeking lucrative employment opportunities.
Moreover, Oman's commitment to nurturing a favorable business environment, coupled with its progressive labour laws, has played a pivotal role in attracting foreign direct investment (FDI) and fostering sustainable economic growth. Multinational companies operating in Oman often provide attractive salaries and benefits to their employees, further bolstering the nation's overall salary rankings.
The government of Oman has consistently emphasized the importance of human capital development and improving the quality of life for its citizens. Through various initiatives, such as vocational training programs and educational reforms, the country has sought to enhance the skills and employability of its workforce, aligning with global market demands.
The favorable salary rankings achieved by Oman are expected to have a positive impact on the country's overall economic growth and drive further foreign investments. As the nation continues to diversify its economy and attract global talent, it is likely to witness increased productivity, innovation, and competitiveness across various sectors.
Furthermore, the higher salaries and benefits offered in Oman will not only attract skilled professionals from around the world but also retain local talent, reducing the brain drain and ensuring the availability of a skilled workforce to support sustainable development.
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