Oman’s economy is expected to grow by 3.4% in 2025, outperforming many global economies and signaling strong resilience and growing international confidence, according to Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion.
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Oman’s economy is expected to grow by 3.4% in 2025, outperforming many global economies and signaling strong resilience and growing international confidence, according to Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion.
Speaking at the Advantage Oman Forum held on April 27 in Muscat, Al Yousef highlighted the country's positive economic trajectory, citing a 16.2% increase in foreign direct investment (FDI) inflows in the third quarter of 2024 compared to the same period the previous year.
He also noted that Oman’s credit rating was recently upgraded to BBB- with a stable outlook by Standard & Poor’s, reinforcing the country’s improving economic fundamentals.
The Advantage Oman Forum, organized by the Ministry of Commerce, Industry, and Investment Promotion, brought together over 250 senior officials, decision-makers, and regional and international investors. The event showcases Oman’s growing appeal as a dynamic investment hub in the region.
Al Yousef emphasized that the forum represents a first-of-its-kind strategic initiative for Oman, designed to foster connections between key sectors and global investors. It comes at a time when Oman is experiencing notable momentum across its economic and investment landscapes, supported by strong international indicators and market optimism.
As Oman continues to diversify its economy and strengthen its global partnerships, events like the Advantage Oman Forum signal the country's ambition to cement its status as a leading destination for investment and sustainable growth.
In a potentially historic development, senior figures from Israel and the Syrian interim government have reportedly engaged in direct discussions in Azerbaijan, according to an Israeli source cited by CNN and initially reported by Channel 12.
Syria's defence minister has called on small armed groups that have yet to merge with the security apparatus to do so within 10 days or face unspecified measures, in a bid to consolidate state authority six months after Bashar al-Assad was toppled.
Syria will set up commissions for justice and missing persons tasked with probing crimes committed during the rule of the Assad family, compensating victims and finding thousands of people whose whereabouts remain unknown, the presidency said.
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