Oman Vision 2040 moves ahead meeting targets

The first-quarter report of Oman Vision 2040 reviewed the outcome of the first five years (2021–2025) of the Vision's implementation. It also reviewed the most prominent updates and efforts in 2026.
The report examined the economic, legislative, and institutional transformations witnessed by the Sultanate of Oman. It further addressed the projects and programmes that have been realised and that have contributed in expanding productive and service capacities, enhancing development in the governorates, and improving services.
In addition, the report monitored the results of the indicators and foresaw the opportunities and challenges that shape the features of the next phase. The report is distributed across four interconnected chapters.
On the economic side, the performance of real GDP shifted from a contraction of 3.4 per cent in 2020 to growth of 2.4 per cent in 2025, with an average annual growth of about 3.2 per cent during the period from 2021 to 2025, indicating that economic activity has regained its growth path after the repercussions that accompanied the Covid-19 pandemic. At the level of the size of the economy, GDP at constant prices rose from RO 34.48 billion in 2021 to RO 39.29 billion in 2025, an increase of about 13.9 per cent.
During the early years of implementing Oman Vision 2040, a set of programmes and projects supporting growth and economic diversification were implemented, including investment, economic diversification, and financial sustainability programmes, in addition to the expansion of renewable energy projects, green hydrogen, manufacturing industries, logistics services, tourism, and other promising sectors. These efforts contributed in strengthening the productive base of the national economy and raising the contribution of non-oil activities to growth.
In the context of enhancing the role of the private sector in economic activity, the ratio of private investment to GDP rose from 15.7 per cent in 2020 to 16.8 per cent in 2025, with figures indicating the realisation of investments worth RO 7,073.4 billion in 2025.
The investment environment witnessed, during the early years of implementing Oman Vision 2040, a set of developments supporting the enhancement of the private sector's role, including the development of legislative frameworks regulating investment and public-private partnership, the launch of the 'Invest Oman' platform, the activation of the investor residency system, the expansion of partnership projects in multiple sectors, and the establishment of the Future Fund Oman, which contributed to supporting investment in promising economic sectors. DETAILS ON P2 & 3