Oman's Gross Domestic Product (GDP) at constant prices grew 5.1% during the second quarter hitting RO9.9 billion ($25.6 billion), compared to about RO9.4 billion ($24.3 billion) for the same period in 2025, driven by a sharp increase in petroleum activity, said a report.
Oman’s Public Establishment for Industrial Estates (Madayn), has announced that its key affiliated unit - Raysut Industrial City - attracted nine new projects in the first half of 2026. The projects span key sectors including iron manufacturing, mining, food and services.
Oman's Public Authority for Special Economic Zones and Free Zones (Madayn) has signed 28 investment agreements worth more than RO304 million ($790 million) to establish new projects and expand existing operations across its special economic zones, free zones and industrial cities, said a top official.
Oman’s Ministry of Heritage and Tourism has announced the signing of 36 usufruct contracts to implement tourism projects in different governorates from January to September 2025, to the tune of RO100 million ($260 million).
Oman-based Integrated Gas Company (IGC) is set to ink a series of gas purchase agreements with leading industrial companies at a key event in the sultanate. The deal will allocate over 27 million cu m of gas per day for an average of 10 years per agreement.
Acting in cooperation with OQ Exploration and Production Company (OQEP), Oman’s Environment Authority carried out a national oil pollution control exercise in the Governorate of Musandam.
Oman’s Ministry of Energy and Minerals has offered three new mining concession areas covering a combined 2,062 square kilometres, aiming to attract international investment, expand mineral exploration and support the development of an integrated mining industry.
The Environment Authority (EA) is implementing innovative financial policies to meet Oman’s 2050 carbon neutrality goals. This includes securing funding from the Green Climate Fund and enhancing project proposals, partnerships, and international cooperation for effective climate action.
Oman Cables Industry has launched the Global Sustainability Academy, the first of its kind in Oman. It aims to facilitate knowledge exchange and develop practical sustainability solutions to enhance the energy sector's transformation and support economic diversification efforts.
Nama Electricity Distribution plans to invest more than RO600 million ($1.6 billion) between 2026 and 2029 to expand and strengthen electricity networks, upgrade infrastructure and accelerate the transition towards a smart, data-driven power distribution system across Oman.
