Manufacturing
TRANSFORMING IDEAS INTO PRODUCTS FOR GLOBAL MARKETS
Investing in Oman’s Manufacturing Excellence
Oman’s manufacturing sector is a driving force behind the nation’s economic diversification. Strategically positioned at the crossroads of Asia, Europe, and Africa, Oman leverages its logistical advantages and abundant natural resources to align with global trends like Industry 4.0 and sustainable production. The sector has shown remarkable resilience, achieving 9.2% real growth in Q1 2024, fueled by advancements in petrochemicals, metals, and value-added industries
Ranked Regionally
4 th
Competitive Industrial Performance by UNIDO
2024
Employment
250 K
with a 1.05% annual growth rate.
2023
GDP Contribution
10 %
Of Oman’s Total GDP
2024
Totaling
2.19 bn
Riyal Omani (RO)
2024
Market Trends & Growth
Oman’s manufacturing sector is driving innovation with a focus on sustainability and technology integration.
Manufacturing’s Economic Impact
in the first Quarter of 2024 compared to the previous year
GDP Contribution
10.5 %
Real growth rate
9.2 %
Major Developments
Expansion of industrial clusters in Sohar, Duqm, and Salalah to support advanced manufacturing and sustainable practices.
Key Non-Oil Export Sectors
Average annual growth (2020)
Mineral Products
27 %
Base Metals
27 %
Plastics & Rubber
13 %
Projected Growth
Manufacturing output expected to increase with strategic investments in renewable energy and advanced manufacturing.
Unlocking Oman’s Industrial Potential
Opportunities and Projections
Oman’s manufacturing sector provides an extensive platform for industrial innovation and sustainability, offering opportunities in advanced manufacturing, green technologies, and export-driven industries.
Priority Sectors
Advanced Materials Production
- $680M market for graphene and carbon fiber composites
- Partnership opportunities in Duqm's materials innovation park
Smart Manufacturing Systems
- Industrial IoT solutions for 450+ medium enterprises
- Predictive maintenance technologies market (18% CAGR forecast)
Circular Economy Solutions
- Plastics recycling plants leveraging 220kT aquaculture byproducts
- Waste-to-energy systems for industrial zones
Growth Projections
In 2025 -
- Manufacturing output is projected at 1.868 billion Omani rials ($4.86 billion), reflecting 10% growth in early 2024.
2026-2029 -
- The market is expected to grow at a CAGR of 1.10%, leading to incremental increases each year.
2030 -
- Projected to reach approximately 1.975 billion Omani rials (around $5.13 billion) following the consistent CAGR.
Market Size in USD Billion
Unlocking Oman’s Industrial Potential
Strategic Developments and Infrastructure
Supporting Infrastructure
Madayn Industrial Cities
Sohar Port and Freezone
Duqm Special Economic Zone
Innovative and Green
Technology and Innovation Initiatives
Renewable Energy Integration
Why Invest in Oman’s Manufacturing Sector?
Gateway Positioning
48-hour logistics reach to 3B consumers across Asia, Africa, and Europe
Resource Wealth
60+ mineral resources enabling $23B mining-manufacturing integration
Advanced Infrastructure
Modern ports, logistics hubs, and dedicated industrial zones.
Sustainability Commitment
92% compliance with ISO 50001 energy management standards
Up to 10-year corporate income-tax holiday
Long-term land leasing options at competitive rates to facilitate industrial growth.
Duty-free imports for machinery, raw materials, and equipment needed for manufacturing.
R&D Partnerships: 40% cost-sharing for Industry 4.0 pilot projects
Export Acceleration: Customs exemptions for 71 countries across 15 trade agreements.
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