Oman Secures Direct Foreign Investment Reflecting Strong Growth

Oman, 4 March, 2025 :  Oman’s foreign direct investment (FDI) surged by 17.6% over the past five years, reaching OMR 26.677 billion by the end of Q3 2024. This growth highlights Oman’s success in becoming a global investment hub, supported by strategic initiatives and advanced infrastructure.

Qais bin Mohammed Al-Yousef, Minister of Commerce, Industry, and Investment Promotion, attributed this growth to Oman’s policies and clear strategies that foster an attractive investment climate. He also emphasized the government’s commitment to providing a stable legal environment and competitive incentives to support investors.

Ibtisam bint Ahmed Al-Faroojiyah, Undersecretary of MoCIIP for Investment Promotion, highlighted the ministry's efforts to review policies and promote foreign investments through local and international forums. Key sectors targeted include transport, logistics, renewable energy, IT, tourism, and mining, in line with Oman Vision 2040.

The United Kingdom led FDI with OMR 13.66 billion, followed by the US, UAE, Kuwait, China, and Switzerland. The manufacturing sector received OMR 2.13 billion in FDI, with financial intermediaries and real estate also attracting significant investments.

Oman’s ‘Invest in Oman’ platform, managed by MoCIIP, has facilitated investment opportunities in various sectors, including tourism, real estate, and industry. The platform also promotes Oman internationally through global events and partnerships, aiming to boost foreign investments and economic diversification.