Muscat: His Excellency Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion, emphasized that high-level directives aimed at developing the investment landscape have played a pivotal role in fostering economic growth. He highlighted that Oman is actively working on:
Establishing the Investment and Trade Court to create a stable and attractive legal environment for foreign investors.
Providing competitive incentives and streamlined business processes to enhance investor confidence.
Diversifying the national economy and generating employment opportunities across multiple sectors.
Her Excellency Ibtisam bint Ahmed Al Farooji, Undersecretary for Investment Promotion, outlined Oman’s focus on key economic sectors under the Oman 2040 Vision, including:
Transportation and logistics
Renewable energy
Information technology
Food security, tourism, mining, and industries
Health, education, and the circular economy
To accelerate FDI inflows, Oman has ramped up global engagement, participating in 21 international events, hosting delegations from 23 countries, and organizing eight local promotional events.
Top Foreign Investors in Oman
The United Kingdom remains Oman’s largest foreign investor with RO 13.66 billion, followed by:
United States – RO 5.25 billion
United Arab Emirates – RO 836.5 million
Kuwait – RO 833.5 million
China – RO 817.8 million
Switzerland – RO 551.9 million
Qatar – RO 488.3 million
Bahrain – RO 375.7 million
Netherlands – RO 359.1 million
India – RO 286.1 million
Investment activity has been particularly strong in:
Manufacturing – RO 2.13 billion
Financial brokerage – RO 1.36 billion
Real estate – RO 969.1 million
Oman has also localized 29 major projects worth RO 1.2 billion, with India, China, and Egypt leading in project numbers.
Eng. Nasser bin Khalifa Al Kindi, CEO of Invest in Oman, highlighted the platform’s role in simplifying the investor journey, providing a clear investment roadmap, and promoting high-value projects. Currently, 59 investment projects worth RO 3.2 billion are in progress, with industrial, renewable energy, and health sectors attracting the most interest.
