Oman Industry Day: Key Insights for Investors and Entrepreneurs in Boosting Local Manufacturing
Muscat: On Sunday, the Sultanate of Oman celebrated Omani Industry Day, observed annually on February 9, under the theme “From Oman to the World… Competitive Industry and a Global Vision.”
This event emphasizes the significance of the industrial sector as a crucial pillar for economic diversification and sustainable development, aligning with Oman Vision 2040. It also highlights ongoing efforts to enhance the sector’s competitiveness both locally and globally.
During the celebration, the Director-General of Industry at the Ministry of Commerce, Industry, and Investment Promotion announced that the contribution of manufacturing industries to the GDP had reached approximately RO 3.879 billion by the end of 2025, reflecting a growth rate of 7.2%. He noted that foreign investments in the industrial sector rose to RO 3.49 billion, an increase of 24.6%. This surge indicates growing investor confidence in Oman’s industrial landscape.
He further explained that the ministry is committed to implementing policies and initiatives aimed at strengthening the industrial base, improving productivity, and supporting value-added industries, all while creating an attractive investment climate for both local and foreign investors.
The event included the signing of several programs, agreements, and strategic initiatives designed to bolster industrial growth and expand partnerships with the private sector. It also marked the launch of the first phase of the Industrial Observatory, which will provide data-driven insights to enhance decision-making, alongside the introduction of the EtImad platform for professional classification in the industrial sector.
These initiatives aim to improve efficiency and competitiveness across industrial operations, promote innovation, and encourage the adoption of advanced technologies in production processes, thereby contributing to sustainable industrial development in the Sultanate.
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The celebration of Omani Industry Day highlights a pivotal moment for businesses in Oman, emphasizing the industrial sector’s role in economic diversification. The increase in foreign investment and the launch of initiatives like the Industrial Observatory present significant opportunities for investors and entrepreneurs to align with Oman Vision 2040. However, staying agile and adapting to rapid technological changes will be crucial in capitalizing on this evolving landscape.
