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Economy Middle East Summit 2025
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Economy Middle East Summit 2025
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Oman
Logistics
Oman’s MTCIT achieves 66 percent revenue growth, surpassing $77.9 million
The allocation of funds is geared towards road construction and maintenance
Economy
Oman’s state revenues exceed $2.6 billion in January 2024
Government investments reaching OMR200 million drive growth
Hospitality & Tourism
Oman sees 21.6 percent rise in airport passenger traffic in January 2024
Ambitious targets of 11 million tourists annually set in line with Oman Vision 2040
Oman
Oman reveals $1.3 billion waterfront project in Muscat Downtown
The 3.3 million sq m project has been designed by Zaha Hadid Architects
Hospitality & Tourism
Oman reveals plans for new $2.4 billion mountain destination on Jabal Al Akhdar
The destination is expected to attract more than 8,000 residents and an average of 2,350 overnight visitors and 2,000 daily visitors.
Oman
Oman awards $2.58 billion deals for Sultan Haitham City project
Mega development set to transform Muscat's urban landscape
Oman
Oman’s real estate deals surge to $6.7 billion in 2023
Rental sector leads growth with value of lease contracts surging by 18.3 percent
Banking & Finance
Omani banks’ net profits surge 18.6 percent to $1.17 billion in 2023
Favorable local indicators drive positive outcome
Banking & Finance
Oman Investment Authority introduces $5.2 billion fund to boost SME investments
Focus on green energy, tourism, and manufacturing sectors
Economy
Bank Muscat’s $390 million investment fund gets central bank nod
Investment portfolio includes several banks listed in GCC markets
Economy
Oman forecasts $1.7 billion 2024 budget deficit amid oil challenges
Budget gap prompts focus on economic diversification
Markets
Central Bank of Oman raises OMR29.45 mn through T-bills allotment
T-bills with a 28-day maturity were valued at OMR10 mn
Hospitality & Tourism
Revenues of Oman’s hotels surge, tourists to reach 3.5 million in ’23
Robust growth, increased occupancy rates, and record tourist arrivals
Economy
IMF: Oman’s economic recovery sustained by favorable oil prices
Inflation remains contained supported by constant reform
Oman
Four major companies forge blue hydrogen collaboration in Oman
Carbon capture to contribute 15 percent emissions reduction
Logistics
Oman targets OMR2.5 bn investment boost in transport and logistics
Oman’s ministry announces Best Practices Award in logistics sector
Economy
Oman’s credit rating raised by S&P to BB+ with a stable outlook
On higher crude prices and non-oil sector growth
Markets
Oman’s OQ IPO $771 million IPO oversubscribed
Group announced in June a net profit of $1.1 bn
Economy
High oil prices help reduce Oman debt
Fitch upgrades country to 'BB+'
Economy
Lower oil related activities culprit behind Oman Q2, H1, GDP drop
Oman’s banking sector witnessed an 8.7 percent growth in credit and deposits
Economy
Oman’s economy estimated to expand by 2.5 percent this year
Non-oil sectors recorded a robust expansion of 4.6 percent
Oman
2022 sees Oman telecom sector attract millions in investments
5G stations totaled 2,600 by end of last year
Hospitality & Tourism
Oman’s 2022 tourism sector records 47 percent increase over 2021
Revenues reached OR1.9 bn while tourist arrivals hit 2.9 mn
Banking & Finance
Oman OQ to offer 49 percent stake in gas pipeline unit
It may turn out to be the largest in the history of the Sultanate
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