Oman’s digital economy has reached an estimated RO 3 billion (USD 7.7 billion) between 2021 and 2024, highlighting the sector’s growing role in the country’s diversification strategy. The figures were presented by the Oman Chamber of Commerce and Industry during discussions on priorities under Oman’s 11th Five-Year Plan (2026–2030).
The new economic strategy aims to achieve average real GDP growth of around 4% while increasing private sector contribution to 56% of GDP. Private investment is expected to account for 21% of GDP, with foreign direct investment inflows projected to reach 11%.
The plan also targets the creation of approximately 300,000 jobs for Omani nationals over the five-year period, averaging 60,000 annually, as the government accelerates digital and technology-driven economic growth.
Gulf Economist Staff Writer