Economic Snapshots

Even as the sultanate’s oil production rises, Oman is looking to grow other sectors of the economy, namely, transport infrastructure, the services segment and manufacturing, to offset a decline in oil income.

  • Energy: Production Resurgence – Careful custodianship and international partnership have seen oil output hit new records in recent years.
  • Transport: Becoming a Global Logistics Player – The government has identified transport and logistics as a priority area with considerable potential for growth.
  • Manufacturing: Biggest Slice of the Industrial Pie – The largest share of non-petroleum industry is taken up by manufacturing, though growth in recent years has been slow.
  • Services: Leading the Way in Non-Oil Growth – The services sector dominated non-oil GDP in 2014, accounting for 40.7% of total economic activity.