Business · Companies · 12 hrs ago
Oman signs 28 investment deals worth more than $790 million
Oman signed 28 investment agreements worth more than $790 million for projects and expansions across its industrial cities and economic zones.
The deals include investments in Sohar, Duqm, Salalah and Khazaen, with industrial cities receiving the largest share.
Projects include a steel products factory in Sohar, an automotive assembly complex and manufacturing facilities for food, medical devices and power transformers.
In Duqm, planned projects include a shrimp-feed factory, fish processing and a facility linking livestock quarantine with red meat supply.
The agreements support Oman’s plan to diversify its economy and attract more private investment beyond oil.
Oman’s 2026–2030 development plan identifies manufacturing as a key growth sector and targets annual growth of 5.9 percent.
The projects are intended to expand manufacturing and strengthen the zones’ role in trade and logistics.
Oman signed 28 investment agreements worth more than 304 million Omani rials, or about $790 million.
The agreements cover new projects and expansions across industrial cities, economic zones and free zones.
Projects include manufacturing, food production, logistics and commercial activities, with the agreements covering more than two million square metres.
Industrial cities received the largest share of investment, followed by Sohar Free Zone and Duqm Special Economic Zone.
The deals support Oman’s efforts to diversify its economy and increase the contribution of non-oil sectors.
- Who
- Oman signed the agreements with investors.
- What
- 28 investment agreements worth more than 304 million Omani rials, or about $790 million, were signed for projects and expansions.
- When
- Wednesday, 28 October 2026.
- Where
- Industrial cities and economic and free zones across Oman, including Sohar, Duqm, Salalah and Khazaen.
- Why
- To diversify the economy and increase investment in non-oil sectors.
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- Number of agreements
- 28
- Total investment
- More than 304 million Omani rials (about $790 million)
- Total area
- More than two million square metres
- Largest investment share
- Industrial cities: 147.6 million Omani rials, according to Asharq Al-Awsat
- Sohar Free Zone investment
- 58.5 million Omani rials
- Duqm Special Economic Zone investment
- 55.08 million Omani rials
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What people are saying
The authority and the zones under its supervision were committed to developing an investment environment characterized by regulatory clarity and efficient services, while strengthening partnerships with investors to help their projects benefit from Oman’s infrastructure and strategic location and its connections to regional and global markets