Trade News

The partnership focuses on exchanging expertise, transferring technology, and developing high-quality products.

11% increase in containers, ships and cargo reflects efficiency of logistics operations.

The agreements aim to boost the Sultanate's mining sector and to open new opportunities for investors in priority geological areas.

Guest numbers rose by 9% and revenues by 18%.

The meeting discussed areas of cooperation in the economic, trade, and investment sectors.

The selection of the projects reflects the scientific excellence achieved by Omani youth.

Tourism investments in Duqm include 21 hotels and 10 hotel apartment complexes.

Oman Future Fund approved 44 projects in its first year.

Significant growth is being driven by an expansion of digital services especially the Internet of Things

An agreement aims to establish the exchange of ideas and expertise, and to facilitate the development of vital projects.

The Forum aimed to promote cultural, commercial, tourism, and investment ties between Oman and the Philippines.

The upgrade reflects improved public debt indicators and the strength of the state’s financial position.

The programme aims to encourage innovation and entrepreneurship in the space sector.

The second phase includes the inclusion of Omani products on the list of approved industrial capabilities in Saudi Arabia.

The agreements aim to enhance cooperation and transfer technology in the fields of vehicles and smart technologies.

Oman’s GDP passed the OMR 10.5 billion mark at current prices by the end of the first quarter of 2025.

The event saw the presentation of innovative projects by 13 start-ups.

The Sultanate held meetings alongside the Algiers International Fair where Oman was the guest of honour.

Sultan Qaboos University advanced by 28 positions to reach 334th place globally.

Exports of Omani industrial products to the Saudi Arabia rose more than 28%

International guest numbers and hotel revenues rose sharply.

An International Monetary Fund team highlighted the prudent fiscal approach adopted by the Government.

Oman's first renewable energy storage project is expected to be announced soon.

They discussed ways to strengthen and expand trade and investment relations between Oman and Iran.

The combined GCC economy now ranks 11th in the world, thanks to significant progress among the world's economic blocs.

The Forum reviewed opportunities for strengthening trade and building investment partnerships.

The session discussed the current challenges facing the multilateral trading system.

The Omani Trade Office in the United States aims to support Omani exports to the US market.

A high-level investment delegation from Hong Kong discussed investment partnership opportunities with Oman.

ITHCA Group signed a strategic investment agreement with the American company Lumotive.

The project will produce two million tonnes annually, with an investment of more than OMR 13 million.

The international investment forum hosted more than 250 senior officials, decision makers and regional and international investors.

Representatives of 54 Russian tourism companies learned about Oman's tourism potential.

The agreement covers preparation, equipping and initial operation of the airport.

The national carrier will operate four weekly flights to and from Muscat.

The visit was to view the site designated to receive liquefied hydrogen from Oman in 2030.

This agreements are a key step in establishing Oman as a global hub for green hydrogen production and export.

Initial project investment of around 200 million US dollars will help create more than 1,000 jobs.

During their visit, the Algerian delegation visited Salalah Port and Free Zone.

Omani companies participating in the Sultanate's Expo pavilion will explore new opportunities with Japanese firms.

S&P says Oman’s BBB- stable rating is thanks to improved public finances and strengthened financial resilience.

Overall Oman's GDP grew by 1% to the end of 2024.

Omani ports achieved a 15% growth in cargo handling in 2024.

The meeting emphasised the role of economic diplomacy in attracting more foreign direct investment to Oman.

The Chief Economist of Oman Vision 2040 noted the importance of these indicators in attracting foreign investment.

Oman's pavilion witnessed a significant turnout from visitors and participants thanks to its rich tourism products and archaeological assets.

This increase highlights Oman’s success in positioning itself as a key global investment hub.

The opening ceremony of the station was sponsored by Salem Nasser Alaufi, Minister of Energy and Minerals.

This move seeks to achieve SalamAir’s defined growth targets for the next five years and to boost tourism.

Under the MoU, both countries will develop bilateral cooperation in various tourism-related fields.