‘Invest in Oman’ Platform Receives RO 5.38 Billion Worth of Applications

Muscat: The Sultanate of Oman’s manufacturing sector attracted RO 2.489 billion in foreign direct investment (FDI) by the end of 2024, highlighting the country’s growing industrial appeal, according to His Excellency. He added that the “Invest in Oman” platform, launched in February 2023, has received approximately 90 investment applications with a combined value of RO 5.38 billion.

Out of these, 43 projects worth RO 2.25 billion have already been localized across key sectors including industry, healthcare, food security, and renewable energy.

His Excellency further noted that more than 260 initiatives are currently underway in collaboration with relevant stakeholders as part of the implementation of the Industrial Strategy 2040. In a bid to enhance the regulatory environment, the Ministry has issued 7,523 Omani standard specifications and simplified 17 technical services by the end of 2024.

On the digital transformation front, the “Oman Business” platform processed over 800,000 transactions in 2024 alone, introducing 24 new digitized services, thereby improving the overall ease of doing business in the Sultanate.