Oman’s strategic location, advanced infrastructure, and enhanced connectivity in air, sea, and land transport position the country’s transport and logistics sector to become a key economic driver. A new report from Oxford Business Group, in partnership with Oman’s Ministry of Commerce, Industry, and Investment Promotion, projects that the sector will contribute RO14bn to the national economy by 2040, making it the second-highest contributor after hydrocarbons.
Currently, the logistics sector contributes around 7% to Oman’s GDP, amounting to RO1.7bn (6.1%) in the first nine months of 2024. The sector, which provides over 79,000 jobs, is expected to generate up to 300,000 new logistics jobs by 2040, creating significant opportunities for investment.
The report, titled Investing in Oman’s Future: High-Growth Opportunities in Key Sectors, highlights the country’s continued focus on economic diversification and attracting investment in sectors like transport and logistics, manufacturing, agriculture, food production, tourism, urban development, energy, and digital innovation. Oman’s strategic location as a logistics hub connecting Asia, Africa, and Europe is central to its ambitions to become a global leader in green hydrogen, renewable energy, and the digital economy.
Significant infrastructure projects, including Khazaen Economic City and advanced port systems, are set to enhance Oman’s status as a vital trade and logistics center. Initiatives like Yiti Sustainable City and Hydrom further align with global sustainability goals, attracting environmentally conscious investments. The report features an interview with H.E. Qais al Yousef, Oman’s Minister of Commerce, Industry, and Investment Promotion, who highlights the country’s Vision 2040 goals and the importance of strategic investments.
Jana Treeck, Managing Director for Oxford Business Group’s Middle East division, emphasized the report’s focus on Oman’s progress in creating a pro-business environment and its commitment to sustainable growth and innovation under Vision 2040, paving the way for long-term success and high-growth opportunities across key sectors.
