MUSCAT, SEPT 7
Oman’s industrial sector posted remarkable growth during the second quarter of 2025, with net profits of companies listed on the Muscat Stock Exchange reaching RO 24.47 million, up from RO 4.25 million in the same period last year, marking an increase of over 476 per cent.
This performance reflects the sector’s resilience and ability to adapt to economic changes, reinforcing its position as a cornerstone of the national economy. Leading contributors included OQ Basic Industries (OQBI), which achieved a strategic turnaround from a Q2 2024 loss of RO 3.38 million to a record profit of RO 9.95 million, Al Jazeera Steel with a 168 per cent profit increase to RO 2.05 million, Voltamp Energy with RO 2.69 million, Oman Refreshments with an 822 per cent increase to RO 1.23 million and Oman Flour Mills, which recorded a 23 per cent rise.
Despite these gains, some companies faced structural challenges. Oman Cement’s profits declined by 32 per cent to RO 1.76 million and Majan Glass deepened its losses to RO 0.39 million. However, companies like Dhofar Food and Raysut Cement reported improvements, signalling gradual operational recovery.
Khalid bin Salim al Qasabi, Director General of Industry at the Ministry of Commerce, Industry and Investment Promotion, said the sector’s strong Q2 results demonstrate the importance of continued investment in manufacturing, innovation and technology, alongside strategic mergers and alliances in industries under operational pressure.
Jasim bin Saif al Jadidi, Technical Director at the Office of the Under-Secretary for Commerce and Industry, noted that key sectors such as basic industries, consumer goods and energy are driving manufacturing momentum and showcasing the sector’s robustness.
Overall, the Q2 2025 results underscore the industrial sector’s capacity for sustainable growth, enhancing confidence in its continued contribution to Oman’s GDP and economic diversification. — ONA
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