Oman Secures $9 Billion in Foreign Investment Across Multiple Sectors
Oman announced $9 billion in new foreign investment projects from investors across Asia, Europe, and the Middle East, demonstrating economic resilience amid regional tensions. The investments span infrastructure, green energy, manufacturing, and financial services, with major projects in the Duqm Special Economic Zone and through the Oman Investment Authority. The announcement reflects Oman's positioning as a stable investment destination relative to other regional economies facing disruption.
Oman has announced $9 billion in fresh foreign investment, signaling the country's ability to attract capital despite regional instability. The projects include 10 major deals in the Duqm Special Economic Zone valued at $7.5 billion (2.9 billion riyals), featuring a green hydrogen project alongside plants producing chemicals, electric vehicle battery materials, and steel structures. Investors hail from China, Germany, Egypt, India, and other nations, partnering with Omani government and local entities. Additionally, Future Fund Oman announced 105 projects worth 583 million riyals across medical technologies, renewable energy, and tourism, with roughly one-third backed by foreign investors. The government is also advancing its financial services ambitions through the International Financial Centre of Oman, which is scheduled to launch later in the year.
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- SemaforCenter
Oman pulls in $9B in fresh foreign investment
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