Oman asset growth surged by 21.5% as the National Development Portfolio showed strong progress. This achievement supports Oman Vision 2040 and confirms the country’s economic momentum.
At the outset, the Oman Investment Authority manages over 160 local assets in 10 priority sectors. These include energy, logistics, mining, ICT, and tourism. As part of its mission, the authority focuses on job creation, SME support, and long-term investment.
Oman asset growth reflects a clear strategy to improve financial strength and diversify the economy. Since launching this plan, the portfolio increased its assets to around OMR12.1 billion. At the same time, revenue climbed 25% to reach OMR82.8 billion.
Moreover, the portfolio contributed OMR3.7 billion to the state budget. It also invested OMR8.8 billion into long-term projects. These actions helped attract OMR638 million in foreign investment.
To boost private sector participation, the authority launched a divestment strategy. Through 19 successful exits, it generated OMR2.7 billion in returns. This approach strengthens market competition and corporate efficiency.
Oman asset growth also came from major sector projects. The Duqm Refinery and Bisat Field doubled oil output. In logistics, the Hafeet Rail Project moved forward, and the Asyad Container Terminal started operations.
Meanwhile, the ICT sector advanced with a new drone factory and a semiconductor design center. In mining, the Al-Asil and Al-Bayda redevelopment projects gained pace.
Tourism also played a major role in Oman asset growth. The Jumeirah Muscat Bay and Naseem Resort projects opened new destinations. In fisheries, the Adamas vessel joined the fleet, and tuna canning and aquaculture projects launched.
The authority linked local content goals to corporate performance. It set clear SME spending targets and launched a shared investment policy. These efforts support wider national development.
As a result, 32.4% of contract value came from local content. SMEs received OMR265.5 million in spending—almost 20% of total supply chain costs.
Oman asset growth also led to job creation. The portfolio generated 6,500 new jobs for Omanis in four years. Total employment reached 41,000, with a nationalization rate of 77.7%.
To conclude, the authority improved cooperation among subsidiaries. This alignment strengthens focus and drives success across sectors.
