Oman signs $790 million in investment deals for industrial and free zones
Oman's Special Economic Zones authority has signed 28 agreements worth RO304 million ($790 million) for new projects and expansions, according to Reuters.
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what happened
According to Reuters, citing a statement from Madayn, Oman's Public Authority for Special Economic Zones and Free Zones has signed 28 investment agreements worth more than RO304 million ($790 million). The funds will go toward new facilities and expansions across industrial cities, free zones and special economic zones.
About RO147.6 million of the total goes to industrial cities run by Madayn. The largest single project is a RO112 million iron and steel plant in Sohar Industrial City by Atlas Steel. Other projects span manufacturing, food production, logistics and recycling.
why it matters
The deal is small by market standards, but it shows Oman pushing to diversify its economy beyond oil and gas. For investors, it points to growing private investment in the country's non-energy sectors.
instruments
sources
- ZAWYA: Oman signs $790mln deals to expand industrial, manufacturing capacity — Reuters, 29 October 2026 at 03:10 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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