Driving Oman’s
economic diversification

Building an economy with an unsustainable commodity was never the plan for Oman.

Despite being relatively diversified in comparison to its Middle Eastern neighbours, the Sultanate of Oman still relies heavily on oil & gas in its economy.

The Omani government made it a priority to unlock the economic diversification potential of the country’s non-oil sector.

Results

Participants came from

160

different organisations

Unlocking private investment of OMR 16.3bn, aimed at creating about

30,000

jobs for Omani Nationals.

Initiatives were projected to increase GDP in the three economic sectors by

OMR1.7 billion

by 2020.

74 projects and initiatives

were developed.