MUSCAT : In his statement, His Excellency revealed that the Sultanate’s manufacturing sector has attracted RO 2.489 billion in foreign direct investment (FDI) by the end of 2024, reflecting the growing appeal of Oman’s industrial environment. He also noted that the “Invest in Oman” platform, launched in February 2023, has received around 90 investment applications with a total value of RO 5.38 billion.
Of these, 43 projects worth RO 2.25 billion have already been localised in strategic sectors such as industry, health, food security, and renewable energy.
His Excellency confirmed that over 260 initiatives are currently being implemented in coordination with relevant entities as part of the execution of the Industrial Strategy 2040. The Ministry has also focused on strengthening regulatory frameworks, issuing 7,523 Omani standard specifications by the end of 2024 and simplifying 17 technical services.
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On the digital transformation front, the “Oman Business” platform processed more than 800,000 transactions in 2024 alone and added 24 new digitized services, further enhancing the ease of doing business in the Sultanate.
