The Business Year

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Oman 2024



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The Business Year: Oman 2024, produced in partnership with the Ministry of Commerce, Industry and Investment Promotion, is a key guidebook to the dynamic and rapidly evolving business landscape of Oman. As the nation continues to navigate its Vision 2040 objectives, recent developments have underscored its commitment to economic diversification and sustainable growth. From transformative infrastructure projects to the burgeoning tech sector, Oman is embracing innovation while honoring its rich heritage. This issue delves into the strategic initiatives driving these changes, offering a comprehensive overview of the country’s economic trajectory.

In this edition, we bring you exclusive insights from the minds shaping Oman’s future. Our interviews with top business leaders provide a nuanced understanding of the challenges and opportunities within various industries. These conversations reveal the strategic thinking and forward-looking policies propelling Oman towards a prosperous and resilient economy. Through detailed analysis and expert perspectives, we aim to provide our readers with a thorough understanding of Oman’s business environment, highlighting the key trends and developments that are setting the stage for the next phase of growth.


Here is just a selection of the interviews contained:

  • Qais bin Mohammed Al Yousef, Minister of Commerce, Industry & Investment Promotion
  • Abdullah Bin Ali Al Amri, Chairman, Oman Environment Authority (EA)
  • Sheikh Waleed K. Al Hashar, CEO, Bank Muscat
  • Mazin Al-Lamki, CEO, Energy Development Oman (EDO)
  • Ibtisam Al Farooji, Undersecretary of Investment Promotion, Ministry of Commerce, Industry and Investment Promotion (MoCIIP)
  • Majid Al Kharoosi, Managing Director, Oman Tower Company (OTC)
  • Omar bin Mahmood Al Mahrizi, CEO, SOHAR Freezone & Deputy CEO, SOHAR Port
  • Said Al Shanfari, CEO, Oman Convention & Exhibition Centre
  • Idris Al Balushi, Group CFO, Fisheries Development Oman (FDO)
  • Shabib Al-Maamari, Managing Director, Visit Oman
  • Turkiya Al Hasni, CEO, National Training Institute


The publication also features a range of articles and analysis, including:

  • Oman’s active neutrality role
  • Waste-to-energy initiatives
  • Offshore exploration
  • OQ8’s Duqm Refinery
  • Mining’s untapped potential
  • Oman’s adoption of emerging technologies
  • Sohar-Abu Dhabi railway project
  • Construction sector vision
  • Agtech
  • Oman’s higher education strategy



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