Muscat: Invest OMAN, the government’s official investment promotion body, has unveiled 10 strategic investment opportunities in the manufacturing sector worth over OMR166 million. These opportunities are aimed at attracting foreign direct investment (FDI) and providing investors with ready-made, feasibility-backed projects in sectors like renewable energy, technology, artificial intelligence, tourism, circular economy, and food security. The projects include ventures in industrial technologies, building materials, and advanced manufacturing, offering a range of incentives such as tax breaks and discounts on essential services to make Oman a favorable investment destination.
With the goal of easing operational costs and supporting job creation, particularly for SMEs, Oman is focused on developing local industries and enhancing its contribution to global value chains. Invest OMAN has developed a user-friendly digital platform that allows investors to explore all available opportunities, including an investment map, detailed feasibility studies, and application tools. This platform aims to streamline the investment journey and provide personalized assistance at every stage, from identifying opportunities to securing necessary incentives and support.
Eng. Alaa bint Said Al Jardani, Director of Investment Opportunity Development at the Ministry of Commerce, Industry, and Investment Promotion, highlighted Oman’s attractiveness as a destination for foreign capital and high-value projects that can stimulate the national economy and contribute to local employment. Since its establishment, Invest OMAN has worked on attracting international capital by developing over 70 investment opportunities in various sectors aligned with Oman Vision 2040. By collaborating with government agencies and private sector stakeholders, Oman is positioning itself as a premier FDI destination in the region and continues to engage with international companies to ensure sustainable success.
Oman’s focus on infrastructure development and comprehensive investor support has garnered recognition, with CEOWORLD magazine ranking Oman 21st globally in its list of the World’s Best Countries to Invest In or Do Business for 2024. This ranking affirms Oman’s competitiveness as an investment destination and reflects the efforts of Invest OMAN to create a conducive environment for foreign investors. With a strong commitment to framing investment opportunities across all regions and sectors of Oman, Invest OMAN’s digital platform provides investors with the necessary tools and support to start their projects and thrive in the Sultanate.
In conclusion, Oman’s efforts to attract foreign investment in high-growth sectors and provide investors with attractive opportunities are evident through the unveiling of strategic investment projects in manufacturing. By offering incentives and support to ease operational costs and support local industries, Oman aims to become a favorable investment destination and contribute to job creation and economic growth. Invest OMAN’s user-friendly digital platform further enhances the investment process by providing detailed information, feasibility studies, and personalized assistance, ensuring investors can navigate the investment landscape with ease and achieve sustainable success in the Sultanate.
