Why Global Investors Are Choosing Oman as a Growth Hub: What It Means for Your Business
MUSCAT, JUNE 10 — International investors are increasingly recognizing Oman as a strategic hub for growth across renewable energy, advanced manufacturing, tourism, and innovation. This reflects a growing confidence in the Sultanate’s long-term economic vision and investment climate.
This insight emerged during a panel discussion at the Future Fund Oman (FFO) investment showcase, where global industry leaders shared the key reasons behind their decisions to invest and expand in Oman.
Panel members included Rashid al Hashmi, Senior Manager of Investments at Future Fund Oman; Stefano Sardo, Managing Director of Certares, a leading global tourism investment firm; Mark Jiang Pengjing, Deputy General Manager of Orion Solar; Dr. Bir Kapoor, CEO and Deputy Managing Director of Gujarat Fluorochemicals Limited (GFL); and Jalal al Hadhrami, General Manager of Terminal 11.
During the “Future Fund Oman as an Economic Catalyst” session, Al Hashmi highlighted how the Fund has evolved beyond merely providing capital. It now plays a pivotal role in attracting strategic investors and fostering the creation of new industries within Oman. He emphasized that the Fund’s involvement has mobilized significant private-sector and foreign investment, with partners playing a crucial role in projects spanning multiple sectors.
“The Fund is not just participating in projects; it is building industrial ecosystems and securing long-term partners aligned with Oman’s sustainable growth vision,” Al Hashmi stated. He added that these investments are expected to create thousands of jobs and help establish new value chains in renewable energy, battery materials, tourism, and innovation.
Stefano Sardo of Certares described Oman as one of the most promising destinations in the regional tourism sector. He praised Oman’s unique blend of natural beauty, cultural authenticity, and modern infrastructure, which sets it apart from competitors. “Oman preserves its culture, traditions, and values, while welcoming the world. Visitors come not just to see Oman but to discover it,” Sardo explained. He highlighted the country’s substantial investments in airports, roads, and tourism facilities as a strong foundation for accelerating future tourism development.
In renewable energy, Orion Solar reaffirmed its commitment to establishing one of the largest solar manufacturing facilities in the region, located in the Sohar Freezone. Mark Jiang Pengjing noted that Oman was chosen after thorough evaluation due to its strategic location, strong international connections, and efficient investment environment. The project includes a six-gigawatt solar-cell manufacturing plant and a planned three-gigawatt solar-module facility, utilizing advanced automation. It is expected to create over 1,000 jobs, boost local procurement, and contribute significantly to Oman’s renewable energy goals. The company also plans to recruit and train Omani graduates to foster knowledge transfer and local workforce development.
Dr. Bir Kapoor of Gujarat Fluorochemicals highlighted Oman’s ambition to develop a complete clean-energy value chain as a key factor in expanding the company’s investment plans. Specializing in advanced battery materials for electric vehicles and energy storage, GFL sees Oman as a prime location to support the global energy transition. “Initially, our investment plans were more modest. But after engaging with FFO and its vision for an integrated industrial ecosystem, we significantly increased our commitment,” Kapoor said. He described energy transformation as one of the most exciting global industrial opportunities, praising Oman’s vision, infrastructure, and dedication to building a competitive clean-energy platform.
The discussion underscored Oman’s rising appeal to long-term investors targeting strategic sectors. Participants pointed to the country’s political stability, pro-business environment, ready infrastructure, and Vision 2040 agenda as key factors driving confidence in Oman’s investment landscape.
Oman is clearly positioning itself as a dynamic center for sustainable economic growth and innovation across multiple critical industries.
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Oman’s strategic focus on renewable energy, advanced manufacturing, and tourism under Vision 2040 is positioning the country as a magnet for international investment، خلق کردن new industrial ecosystems and thousands of job opportunities. برای کسبوکارها و سرمایهگذاران، این به معنای seizing early entry opportunities in emerging clean-energy and tourism sectors while leveraging Oman’s strong infrastructure and supportive investment environment to build long-term competitive advantages.
