All Middle East markets

Oman

A logistics and energy-transition play — Duqm port, mining, and some of the region's most ambitious green-hydrogen projects under Vision 2040.

Population
≈5.3 million (2024)
GDP (nominal)
≈US$110 billion (2024)
Real growth
≈1.7% (2024)
Capital
Muscat
Currency
Omani rial (OMR)
Economy & outlook

Oman

Energy still leads, but logistics (Duqm, Salalah), mining, fisheries and tourism are scaling under Vision 2040's diversification drive.

Green hydrogen is the headline opportunity — Oman targets over one million tonnes annually by 2030 — with land, ports and offtake frameworks managed by Hydrom.

Focus sectors

Green hydrogen & energy · ports & logistics (Duqm) · mining · tourism

Global rankings

  • #69 — Global Innovation Index, WIPO (2025)
  • BBB− — S&P sovereign credit rating (2025)

Rankings as published by each institution; positions change annually — verify before formal use.

IMD · WIPO GII · UN EGDI · Kearney · WB LPI · S&P

Visit the investment authority

Sources: World Bank · IMF · Invest Oman

Sultan Qaboos Grand Mosque, Muscat — Wikimedia Commons