The Sultanate of Oman is experiencing a profound transformation within its industrial and manufacturing sectors, central to its broader economic diversification agenda.
Economic Diversification & Vision 2040 - Oman's economic landscape is undergoing a significant strategic shift, moving away from heavy reliance on oil and gas revenues towards a more diversified and resilient economy. This transformation is guided by Oman Vision 2040. The Industrial Strategy is a comprehensive plan to transform Oman's manufacturing sector into a dynamic, diversified, and globally competitive industry, contributing to the nation's long-term economic prosperity and social well-being.
Oman’s industrial sector is a driver of economic growth, a lever for innovation, a recruiter of national talent and an expander of local value chains in the national economy.
The Ministry of Commerce, Industry, and Investment Promotion (MoCIIP) in Oman is actively implementing the Industrial Strategy 2040. The strategy aims to boost the industrial sector’s contribution to the economy to over USD 30.13 billion by 2040. Additionally, it seeks to attract industrial investments totaling USD 103.89 billion, with a particular focus on green industries and cutting-edge technologies, fostering sustainable growth and innovation.
“Encouraging the development of diverse manufacturing industries to enhance the value-added of local resources & diversify industrial production”
OMAN’S TOP-FOCUSED PLATFORM FOR MANUFACTURING, INDUSTRIAL & PROCESS ENGINEERING
Fostering robust partnerships and nurturing a collaborative ecosystem are indispensable for industrial development and economic prosperity
IMPEX26 serves as a crucial platform connecting international expertise with Oman’s prospering industrial sector, directly supporting Oman Vision 2040
Aligning with National Ambitions
IMPEX26 is meticulously designed to be a direct enabler of Oman's national ambitions, particularly those articulated in Oman Vision 2040 and the Industrial Strategy 2040. The event aims to contributing to achieving the target of RO 11 billion manufacturing sector GDP contribution by 2040 by facilitating technology transfer and foreign investment.
Gateway Opportunities
IMPEX26 will showcase Oman's advantages as a gateway to GCC, Middle Eastern, African & Asian markets, reinforcing its role as a thought leader in regional industrial advancement.
SUPPORTING OMAN'S VISION 2040
IMPEX26 IS STRATEGICALLY POSITIONED TO MAKE SIGNIFICANT CONTRIBUTIONS TOWARDS ACHIEVING OMAN’S NATIONAL DEVELOPMENT GOALS
The Middle East's Premier Industrial Hub Awaits You
ECONOMIC IMPACT & METRICS – IMPEX26
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