Invest in Oman platform receives over OMR 5 Billion in applications since launch
Muscat: Since its launch in February 2023 and up until June 2025, the Invest in Oman platform has received approximately 90 investment applications with a total value of OMR 5.38 billion. Of these, 43 projects have been localised, valued at OMR 2.25 billion, in strategic sectors such as industry, health, food security, and renewable energy, according to the Minister of Commerce, Industry and Investment Promotion.
The Shura Council hosted His Excellency the Minister of Commerce, Industry and Investment Promotion at its 13th regular session of the second regular session of the 10th term to discuss the ministry's statement on several topics. Most notably, these included the contribution of the public and private sectors to the gross domestic product (GDP), the evaluation of free trade agreements, and the "Nazdar" programme.
The Minister of Commerce, Industry and Investment Promotion stated that the manufacturing sector recorded the highest growth rate among economic diversification activities, at 8.6 per cent, reaching OMR 3.6 billion at constant prices by the end of 2024. This represents 10 per cent of the gross domestic product.
"More than 260 initiatives are currently being implemented in cooperation with partners and relevant authorities as part of the implementation of the outcomes of the Industrial Strategy 2040."
"The manufacturing sector has attracted foreign direct investment worth OMR 2.489 billion by 2024, confirming the attractiveness of the industrial environment in the Sultanate of Oman."
"The volume of foreign direct investment in the Sultanate of Oman has increased cumulatively, reaching approximately OMR 30 billion by the end of 2024."
His Excellency the Minister of Commerce, Industry and Investment Promotion noted that the trade sector's contribution to the gross domestic product (GDP) at constant prices for the year 2024 reached approximately 8.3 per cent, amounting to OMR 3.225 billion, with a cumulative growth of 6.6 per cent during the tenth five-year plan.
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