AGP Executive Report
Last update: 6 hours agoInvestment: Invest Oman reports 46 projects worth RO3.09bn have been localised since March 2023, led by manufacturing and food security. A further 56 projects worth RO5.05bn remain active. Oman–China: Sultan Haitham’s state visit is expected to open fresh opportunities in industry, logistics, renewable energy and technology, deepening an already expanding economic partnership. Energy: Oman explored renewable and hydrogen partnerships in Singapore, while new rules require high-energy users to appoint qualified Omani efficiency officers. Industry and trade: Atlas Steel plans a RO112m complex in Sohar, with annual capacity for 720,000 tonnes of steel and 700,000 tonnes of rebar. An Al Mazyouna forum opening November 2 will seek to turn Oman–Yemen business ties into trade and investment. Markets and shipping: Muscat Stock Exchange trading topped RO1.2bn in October, though the weekly index fell 33 points. Rising Hormuz tensions threaten shipping, and Oman evacuated 25 crew members from a fire-hit vessel off Musandam.
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