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2026-09-26T08:21:49.642Z

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Foreign investments in Oman total 32.2 billion riyals

Foreign investments in Oman total 32.2 billion riyals

Oman recorded an increase in the cumulative stock of foreign direct investment during the first half of 2026, reaching approximately 32.2 billion Omani riyals, marking a 6.4% rise year-over-year. The majority of these investments are concentrated in the oil and gas sector, which grew by 5.7% to about 25.8 billion riyals, with a gradual shift towards non-oil sectors such as manufacturing, financial services, electricity, tourism, and construction. This growth comes as part of the government’s efforts to enhance the business environment and promote economic diversification. The plan aims to attract additional investments exceeding 10 billion riyals during the eleventh development plan, with the goal of increasing the contribution of investments to the gross domestic product (GDP) to around 32% by the end of the plan, thereby strengthening the resilience of the national economy.

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