Muscat: The Sultanate of Oman has witnessed remarkable growth in foreign direct investment (FDI), which surged by 45.1% during the second quarter of 2024 compared to the same period last year.
This increase reflects the growing confidence of foreign investors in Oman’s investment climate, bolstered by government incentives, advanced infrastructure, and continuous support for the development of this vital sector.
Additionally, the industrial sector achieved a significant milestone, with total non-oil commodity exports reaching RO 4.038 billion by the end of August 2024.
This accomplishment highlights the pivotal role of the industrial sector in supporting the national economy, reducing reliance on oil exports, and fostering economic diversification.
These achievements have also contributed to creating new employment opportunities for Omani citizens, while enabling local companies to expand their operations and penetrate new markets.
Such progress underscores Oman’s commitment to achieving Vision 2040 by enhancing manufacturing industries and attracting both foreign and domestic investments.
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