JEDDAH: Oman’s Sohar Industrial City attracted more than 214 million Omani rials ($557 million) in investments during the first half of 2026, reinforcing the sultanate’s manufacturing expansion and economic diversification drive.
The signed agreements comprised 22 new contracts, 12 expansion agreements, four substitution agreements, and one renewal agreement, covering projects spanning more than 1.1 million sq. meters, according to the Oman News Agency.
Oman is positioning manufacturing and industrial development as key pillars of its economic diversification strategy under Oman Vision 2040, with the industrial sector viewed as a means of expanding non-oil gross domestic product, developing local value chains, and attracting domestic and foreign investment.
Sohar Industrial City, operated by the Public Establishment for Industrial Estates, or Madayn, has become a major hub for this effort, with projects spanning manufacturing, petrochemicals, metals, plastics, and other industries.
Abdullah Ahmed Al-Mayasi, director general of Sohar Industrial City, said the city’s cumulative investment volume has surpassed 2.3 billion rials.
