Located at the crossroads of the Arabian Peninsula, Africa and Asia, the Sultanate of Oman has quietly and quickly become one of the Gulf’s most dynamic economies.
Known as the Middle East’s Switzerland, the open, oil-rich nation has reinvented itself by embracing new industries in line with the wide-ranging Vision 2040 development plan it launched in 2020.
The US is now the second-biggest investor in Oman after the UK. By the end of June 2025, it was responsible for inflows worth $21 billion — 27% of the Middle Eastern nation’s entire foreign direct investment (FDI) stock. And the number of US firms operating in the sultanate is expanding at a pace, with American investment volumes rising by over a fifth in the first half of 2025.
Energy accounts for nearly 60% of Oman’s export revenues. Could you explain how the sector is serving as both the foundation of the country’s economy and the launchpad for its Vision 2040 strategy’s goals? The energy industry contributes two-t
Launched in 2025, the Oman Trade Office US serves as a direct economic bridge for expanding commercial cooperation and bilateral investments between the two countries. Can you explain its mission and share the journey that led to you heading t
The Oman Vision 2040 strategy positions aviation and tourism as core pillars of national diversification, aiming to boost annual visitor numbers from 3.8 million in 2024 to 12 million in 2040. How would you assess Oman’s value proposition as a touris
Oman has big ambitions in the space sector, as demonstrated with the launch of its 10-year National Space Program in 2023. The national space economy was valued at $155 million in 2024 by the government and is expected to triple by 2030 — putt
Oman’s gross domestic product is forecast to expand by 3.7% this year, with growth being catalyzed by non-oil sectors. How is the country progressing toward its goals for economic diversification? Ali Daud: In the past few years, we’ve seen di
Since its founding in 1976, state-owned Development Bank has evolved from financing microbusinesses to becoming a major force behind national infrastructure. In recent years, it has expanded lending activity, broadened its geographic reach, an
Oman’s maritime sector accounts for 77% of the nation’s trade, with its ports handling more than 137 million tons of cargo in 2024, up 15% from the previous year. Why is Oman well placed to be a regional trade and logistics hub? In many...
Oil and gas anchor Oman’s economy, accounting for nearly 60% of export revenues and 70% of the government’s budget. What key trends are shaping the sector and wider energy and mining industries today? The energy sector is the driving force beh
Current forecasts suggest Oman’s gross domestic product expanded by 2.9% in 2025, with a 3.7% rise expected in 2026. What key factors lie behind Oman’s impressive economic performance? Today, Oman’s economic growth is steady and increasingly b
What are the Ministry of Transport, Communications and Information Technology’s (MoTCIT’s) priorities for enhancing Oman’s transport infrastructure, and how can US firms participate in its plans? Oman is rapidly enhancing its transport infrast
"Today, PDO remains the largest producer of oil and gas in Oman, responsible for around 70% of national crude output in 2025. But beyond the numbers, PDO is a national institution that carries the weight of Oman’s economic security and future aspirat
"In terms of making new connections with US LNG producers specifically, our approach is to leverage Oman’s untapped potential alongside the US’s abundant resources, creating opportunities to access markets together."
Oman’s oil and gas industry remains a cornerstone of the national economy, accounting for about 30% of gross domestic product and 70% of government revenues. In recent years, reforms promoting privatization, public investment and diversificati
"Today, TANMIA is one of the largest private equity players in Oman, with a diversified portfolio of around 20 companies across sectors such as aviation, food, agriculture, manufacturing, mining, energy and technology; sectors that are fully aligned
"Collaboration has always been central to Omantel’s success. We firmly believe that if you don’t yet have the expertise, the best approach is to partner with those who do — and that philosophy continues to guide us."
"The structure is in place and, over the next decade, Oman Data Park will be the key mover of Oman’s digital contribution to the GDP, connecting closely with the global digital ecosystem, especially the US and Silicon Valley."
"Oman is an evolving country with many opportunities. Its competitive advantages — especially human capital and strategic location — don’t just make it unique, they allow Oman to integrate with regional markets rather than compete."
"Oman Airports is more than an operator; it is a catalyst for national progress. Our airports are gateways of opportunity, connecting Oman to the world and the world to Oman."
"US and luxury travelers look for unique experiences, and Oman is perfectly positioned for that with its mountains, desert and the Ad Dimaniyat Islands."
"Oman offers a balance rarely found in emerging markets: economic stability, policy transparency and lifestyle quality. We welcome companies that seek both growth and long-term partnership."
"Oman’s fishing sector has evolved rapidly from traditional roots into a modern, high-performing industry."
Oman’s financial services sector continues to expand across banking, Islamic finance, insurance and capital markets — its total credit volumes surpassed $88.69 billion in August 2025, an 8.6% year-on-year rise. The industry has also experience
"For a lot of people who feel they’ve been overwhelmed by mass tourism in other locations, Oman is very different. It has a natural and traditional approach — unlike the glitz and bling you might find in other locations. So, its value proposition is
"Oman is a hidden gem, and the many people who have come to visit me in the years that I have been here have always loved the place."