MUSCAT : This growth is largely attributed to the manufacturing industries, which contributed RO 2.19 billion, equivalent to 10.5 percent of GDP, further enhancing economic growth and providing ample job opportunities.

According to workers in the industrial sector, it is the supply chains that enhance production efficiency and help improve product quality. Strong supply chains, they say, not only boost competitiveness in local and international markets but also contribute to better manufacturing and distribution processes, enabling faster and more effective responses to market demands.

The integration of supply chains with sectors such as transportation and logistics is seen as essential for increasing the competitiveness of Omani products, opening new markets, and expanding exports, which positively impacts the national economy.

Dr. Ibrahim bin Ali Al Balushi, CEO of Karwa Motors, highlighted that the growth in the industrial sector’s contribution to GDP is a sign of the success of Oman’s government policies in fostering economic diversification. The government’s efforts to reduce dependence on oil by developing industries like manufacturing, mining, petrochemicals, and food production are key to this success.

The Sultanate of Oman’s efforts to provide attractive tax and customs incentives, including up to 10 years of tax exemptions in industrial zones and reduced import duties on raw materials, have further solidified the country as an attractive destination for industrial investment. Besides, financing agencies offering soft loans have supported local industries, while the country’s industrial zones are equipped with advanced infrastructure, including essential utilities, further enhancing Oman’s investment appeal.

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