Muscat, Oman – Since the accession of His Majesty Sultan Haitham bin Tarik in 2020, Oman has embarked on a new renaissance marked by bold reforms and strategic clarity, positioning the Sultanate as a globally competitive investment hub. Guided by the vision of His Majesty and the framework of Oman Vision 2040, the nation has witnessed a sweeping transformation across its economic landscape — from streamlined investor services to record-setting FDI inflows.
One of the most impactful changes has been the introduction of the Foreign Capital Investment Law, enabling 100% foreign ownership and easing the path for international investors. This legal advancement has been complemented by the digitization of business services, including the rollout of the Oman Business Platform app, and the enhancement of support frameworks such as the Invest Oman center — a one-stop solution helping investors tap into the full potential of Oman’s economy.
Infrastructure upgrades have kept pace with policy reform. Oman has modernized its airports, ports, and road networks while establishing globally competitive free zones, backed by incentive packages. Simultaneously, government entities have undergone significant digital transformation, seen in platforms like the Royal Oman Police’s Bayan customs portal and the Ministry of Energy and Minerals’ Taqa investment platform.
A defining shift has also taken place in the realm of sustainability. With a national commitment to achieve Net Zero by 2050, Oman inaugurated its new Net Zero Centre, which will manage carbon certification, trade monitoring, and enable participation in global carbon markets. These steps reflect Oman’s proactive stance in shaping a low-carbon future and anchoring new industries in green growth.
The result is a compelling economic outlook: Oman’s GDP is projected to grow 3.4% in 2025 — outpacing the US and the eurozone — and S&P Global Ratings upgraded Oman’s sovereign credit rating to BBB- with a stable outlook, its first return to investment-grade status in seven years. Total FDI stock reached OMR 26.6 billion (US$68.9 billion) by Q3 2024, up 16.2% year-on-year, with major contributions in energy, manufacturing, and logistics. These investments are fueling not just growth, but opportunity — for local entrepreneurs, skilled youth, and global partners alike.
Oman’s sectoral strengths align closely with global megatrends. In renewables, the country is emerging as one of the world’s most cost-competitive producers of green hydrogen, targeting 1 million tonnes annually by 2030 and up to 8.5 million tonnes by 2050. This growth unlocks massive potential across the value chain — from solar and wind component manufacturing to logistics and maintenance.
Other standout sectors include downstream manufacturing, green steel, tourism (particularly eco and adventure niches), metallic and non-metallic mineral processing, cold chain logistics, and aquaculture. The circular economy is fast becoming an investment frontier, driven by national waste-recovery goals and ambitious recycling infrastructure, such as the AI-powered Evergreen Gulf Recycling Hub in Salalah and be’ah’s Suhar IWHTF — one of the largest hazardous waste facilities in the world.