15 Hrs
Source:
أثير
Oman Economy at Year Five
Oman’s Undersecretary of the Ministry of Economy said that the first five years of Oman Vision 2040 had seen fiscal and economic improvements. Public debt fell from around 68% of GDP in 2020 to less than 35% in 2025, and the Sultanate regained investment-grade ratings from major credit-rating agencies. The share of non-oil activities rose from 70.5% to 73%, while foreign direct investment more than doubled, from OMR 14.26 billion in 2020 to OMR 32.2 billion in the first half of 2026. The economy grew by 3.8% in the first half of 2026, with annual growth forecast at around 4.6%. Priorities for the next phase include accelerating diversification, attracting investment, developing skills, and strengthening fiscal sustainability.
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