Invest OMAN, the nation’s investment promotion agency under the Ministry of Commerce, Industry, and Investment Promotion, has announced ten new investment projects in the manufacturing sector, collectively valued at over RO166 million. This initiative is part of Oman’s broader strategy to attract foreign direct investment (FDI) in key growth areas such as renewable energy, advanced technology, artificial intelligence, and food security.
The newly unveiled projects focus on industrial technologies, building materials, and advanced manufacturing, offering investors ready-made, feasibility-backed ventures. These opportunities are designed to align with global investment trends and contribute to Oman’s economic development.
To make the investment process more accessible, Invest OMAN has launched a digital platform that allows global investors to explore potential projects with ease. The platform features detailed feasibility studies, an investment map, and tools to streamline the application process. It also provides investors with personalised assistance, ensuring a smooth experience from project identification to securing government incentives and support.
Oman is offering a range of incentives, including tax breaks and discounts on essential services, making the country an attractive destination for foreign capital. These measures are intended to reduce operational costs and support local industries, contributing to the global value chain while creating jobs, particularly for small and medium-sized enterprises (SMEs).
Eng Alaa bint Said al Jardani, Director of Investment Opportunity Development at the Ministry, emphasized that the initiative aims to attract high-value projects, stimulate the national economy, and create employment opportunities, all in line with Oman’s Vision 2040. Since its inception in 2023, Invest OMAN has been instrumental in promoting these high-potential sectors, bolstering Oman’s position as a key player in the global investment landscape.
