MUSCAT : According to the Ministry, Oman has made significant strides in recent years in improving financial stability, reducing public debt, regaining investment-grade credit ratings, and boosting the performance of non-oil sectors. These reforms have provided strong momentum for national economic growth while reinforcing the country’s competitiveness on the global stage.
The Ministry highlighted that policies to stimulate investment and business-friendly legislation are helping attract quality investments, particularly in priority sectors outlined under the economic diversification strategy. Enhancing the efficiency of the financial sector and the capital market, it said, remains a cornerstone of Oman’s economic sustainability goals.
Through the national Sustainability Program, Oman has advanced the Muscat Stock Exchange’s growth, positioning it to transition into an emerging market and play a greater role in financing the private sector and entrepreneurs. Initiatives such as introducing market makers, liquidity providers, and diversifying financial instruments have boosted trading volumes and increased investor participation.
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The Ministry pointed to the success of initial public offerings (IPOs) under the Oman Investment Authority’s share allocation program, which expanded the total market value of listed securities and attracted fresh investments. This, it said, confirmed strong investor confidence in Oman’s capital markets.
Notably, the Muscat Stock Exchange’s general index recently crossed the 5,000-point mark, a development the Ministry described as a reflection of improved liquidity and strengthened market depth.
Looking ahead, the Ministry stressed the importance of programs such as the Promising Companies Market, designed to support the listing of SMEs, private, and family businesses. Alongside initiatives in AI, advanced technologies, industrial modernization, incubators, entrepreneurship training, and special economic zones for SMEs, these programs aim to empower the private sector, support job creation, and sustain long-term diversification targets.
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