Muscat – This investment reflects the government’s commitment to advancing its healthcare system and responding to rising demand driven by population growth and heightened health awareness.

According to Rashid bin Salim Al Aghbari, Investment Advisor at the Ministry of Health, the growing interest in Oman’s health sector presents ample opportunities for further investment, particularly in hospitals and health centers. He noted that the government’s efforts to enhance healthcare services and infrastructure have been key in fostering this investment climate. These efforts align with the broader economic diversification strategy aimed at strengthening public-private partnerships and encouraging private sector involvement.

In a statement to the Oman News Agency, Al Aghbari highlighted the Sultanate’s goal of attracting medical tourism and fostering innovation in healthcare and medical technology. He emphasized that the ‘Invest in Oman’ platform provides detailed information about current and future projects, which aids investors in identifying and capitalizing on available opportunities.

To attract additional investment, Al Aghbari outlined several key areas for development, including simplifying procedures and developing special policies to facilitate investment; offering incentives to encourage investment in the health sector; enhancing and modernising health infrastructure and focusing on advanced medical technologies; and investing in the training and development of medical and technical personnel.

The Ministry of Health is actively pursuing several large-scale projects to further develop the sector. Significant investments include two medicine factories in Dhofar and Muscat, a transparent dental braces factory in Muscat, a health care services hospital in North Al Batinah, and a multi-specialty hospital in Muscat.
These initiatives are part of Oman’s broader strategy to achieve the goals of the Oman Vision 2040, which aims to improve healthcare quality and bolster the role of the private sector in development. The continued collaboration between public and private sectors reflects the Sultanate’s dedication to advancing healthcare services and infrastructure.
Al Aghbari also mentioned that recent years have seen significant progress in the medical industries sector, with a rise in the number of operating factories and increased investments. This growth aligns with the government’s strategy to reduce dependency on imports by localizing medical industries and enhancing local value chains.
The Sultanate of Oman is positioning itself as a regional leader in pharmaceutical and medical industries, leveraging its strategic location, free trade agreements, and attractive investment incentives.