In the face of global economic shifts and regional uncertainties, Oman is accelerating efforts to diversify its economy beyond oil. Buoyed by high oil prices and fiscal reforms, the Sultanate has improved its financial stability and credit outlook, creating momentum for investment in non-oil sectors.
Under the Vision 2040 plan, Oman is actively developing new growth pillars – from logistics and manufacturing to technology, natural gas, food security, and tourism – to manage future risks. Below, we highlight key sectors driving this shift and Oman-listed companies positioned to benefit.
Sectors in Oman worth investing in:
Logistics
Oman’s geographic location—at the crossroads of Asia, Africa, and the Middle East—gives it natural leverage as a logistics hub. In 2024, Omani ports handled 137 million tonnes of cargo, a 15% YoY increase. Container throughput hit 4.1 million TEUs, with Salalah Port alone contributing nearly 80%. Port expansions, free zone development, and strategic deals with Saudi and regional logistics firms are enhancing Oman’s appeal for transshipment and trade. These efforts aim to rival UAE ports like Jebel Ali and support the Asyad Group’s ambition to make Oman a top global logistics player.