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وكالة صدى نيوز
Oman industrial sector expands
In 2026, Oman’s industrial sector experienced a significant qualitative shift, moving from merely expanding the number of facilities and production volumes to building a more technologically advanced industrial base integrated with local supply chains, in line with the Industries Strategy 2040. The sector contributed approximately 869 million Omani rials to the gross domestic product (GDP) in the first quarter, with a target to increase its value to 5.44 billion rials by 2030 and 10.7 billion rials by 2040. Non-oil exports grew by 1.5% up to May 2026, and the strategy aims to raise this figure to over 10 billion rials by 2030. Additionally, re-exports increased by 64.4%, driven by growing foreign private sector investment, expanded automation and artificial intelligence programs, and the establishment of factory readiness assessment platforms to enhance efficiency and achieve sustainable competitiveness.
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