AGP Executive Report
Last update: 2 hours agoDigital Economy: Oman’s 2026–30 programme targets RO300 million in technology investment and 3,000 jobs a year, with the digital economy aiming to contribute RO1.5 billion to GDP. Omantel has also launched a research and development unit with MIT CSAIL and Omani universities. Oman–UK Investment: Sultan Haitham’s state visit has brought plans for more than £1 billion in investment, with strategic minerals, renewable energy, AI and other technologies among the focus areas. Energy: Masirah Oil has begun drilling at the delayed Yumna field, with production from the first well expected in November. Trade and Outlook: Oman’s ports handled 146 million tonnes of cargo in the first eight months, up 62.3% year on year, though a projectile strike on a tanker off Oman highlights growing maritime risks. The IMF projects Oman to be the only GCC economy to avoid contraction in 2026.
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