Oman industrial growth accelerates
The industrial sector in the Sultanate of Oman has experienced rapid growth and strategic investments, shifting from quantitative expansion to building a technological industrial base aligned with the 2040 Strategy. The contribution of manufacturing industries to the gross domestic product reached approximately 869 million Omani riyals by the first quarter of 2026, with a target to increase it to 5.44 billion riyals by 2030 and 10.7 billion by 2040. Non-oil exports also increased by 1.5% up to May 2026. Oman plans to boost the value of industrial exports and domestically manufacture products, focusing on developing national competencies and expanding investments in energy-related, metals, and food industries, by supporting the private sector and increasing foreign investments.
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