Oman, using the Invest in Oman platform, has attracted 96 investment projects worth approximately 5.79 billion Omani Rials from March 2023 to August 2026. Of these, 46 projects worth 3.09 billion Omani Rials have been localized, reflecting the increasing attractiveness of the country as an investment destination.
Transformation in the Investment Attraction System
The Ministry of Commerce, Industry and Investment Promotion of Oman announced that Invest in Oman has transformed from an advertising platform to an integrated system for attracting and executing strategic investments. These changes support economic diversification and Oman’s goals in the 2040 vision.
Read more: Development of Local Businesses in Qatar with the Launch of 'Talabat Group'
Of the 96 projects presented by investors or expressed interest in, 56 projects with a total investment value of approximately 5.05 billion Omani Rials remain active. The localized projects span several different sectors, including 15 projects in industry, 13 projects in food security, four projects in health and logistics, and projects in education, renewable energy, and oil and gas.
Efforts to Improve the Business Environment
Ibtesam bint Ahmed Al-Farouji, Deputy Minister of Commerce, Industry and Investment Promotion in the Investment Promotion sector, stated that the results indicate Oman’s transition to a more advanced system in promoting investment that focuses on investment quality, economic impact, and long-term partnerships. She also highlighted the efforts of Invest in Oman to improve the business environment, streamline procedures, and increase transparency.
The ministry aims to attract about 350 companies and hold over 15 investment missions between 2024 and 2026. These efforts have resulted in the transfer of 16 projects to the operations and negotiation team, representing investments worth approximately 2.9 billion Omani Rials across seven different sectors.
The number of localized projects by the national negotiation team reached about 2.7 billion Omani Rials. In 2023, a solar polysilicon project worth 520 million Omani Rials was localized, and in 2024, projects worth 286 million Omani Rials, including the Green Iron Alloys Company project worth 69 million Omani Rials and the Orion Solar project worth 217 million Omani Rials, were localized.
In 2025, the value of localized projects increased to approximately 1.5 billion Omani Rials. These projects included the Vulcan Green Steel project worth 896 million Omani Rials, the Shenzhou Anode production project worth 368 million Omani Rials, the GFCL project worth 189 million Omani Rials, and the Desert Solar Energy Company project worth 78 million Omani Rials.
Al-Farouji emphasized that Invest in Oman has brought together government entities and the private sector under a single national framework, providing investors with a single point of contact at all stages of investment, from initial consultations to negotiations, execution, and expansion.
Nasser bin Khalifa Al-Kindi, CEO of Invest in Oman, stated that the results demonstrate the effectiveness of coordination between this platform, government entities, and strategic partners in attracting quality investments and responding to investors' needs. He announced that localized projects in 2026 reached 503 million Omani Rials across 11 projects.
Investment promotion efforts focus on sectors that contribute to economic diversification, particularly in industry, food security, logistics, health, and energy. These sectors are expected to enhance local content, develop supply chains, and encourage innovation.
Read more: Poland Seeks to Strengthen Economic Ties with India in Advancing EU Trade Agreement · Royal Navy of Oman Rescues 25 Crew Members of a Commercial Ship
