MUSCAT : The Sultanate was ranked 8th with a score of 18.78, reinforcing its reputation as a stable and attractive investment destination amid global economic uncertainties.

This consistent high performance builds on Oman’s achievement in the 2024 IAREM index, where it placed 6th globally with a score of 18.12.

The IAREM rating evaluates countries based on eight critical macroeconomic metrics: income per person, GDP growth, median wealth, employment levels, inflation, tax burden, budget balance, and public debt. Oman’s sustained presence in the top tier reflects its robust fiscal governance, strong employment environment, and prudent macroeconomic management.

Analysts attribute Oman’s impressive trajectory to strategic reforms implemented under Oman Vision 2040, which prioritise economic diversification, efficient public spending, and significant investments in infrastructure, logistics, and technology. These efforts have notably reduced the nation’s reliance on oil revenues and enhanced the private sector’s role in the economy.

Further bolstering investor confidence, Oman maintains an investment-grade credit rating of BBB– with a stable outlook, as affirmed by Standard & Poor’s. This positive assessment points to improvements in fiscal sustainability, a commendable reduction in public debt, and increased transparency in public financial management.

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