Oman‘s economic transformation is one of the Gulf’s most compelling – and least reported – investment stories. In just five years, the sultanate has cut public debt from 68% of GDP to approximately 36%, restored investment-grade credit ratings across all three major agencies, and grown its non-hydrocarbon economy to nearly three-quarters of GDP. Anchored by Vision 2040 and the Estidamah programme, Oman is now channelling long-term capital into financial services, green hydrogen, digital infrastructure, logistics and tourism – all underpinned by a reformed regulatory framework and expanding capital markets.
This report, produced in partnership with Ominvest – Oman’s oldest and one of its largest institutional investment companies – explores how policy reform, sustainable finance and diversified institutional capital are combining to create a new generation of investable opportunities across the sultanate. With the Oman Global Financial Centre launching in 2026 and the Muscat Stock Exchange targeting emerging market reclassification, the inflection point is now.
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