Companies, capital and economic change across the Gulf
Country business guide

Oman

Logistics, manufacturing, tourism and finance as Oman develops non-oil activity around ports and industrial zones.

Geographic scope. Sultanate-level data, with Muscat, Duqm, Sohar and Salalah identified separately. Core statistical source: National Centre for Statistics and Information. Reviewed 1 September 2026.
Population

5.27 million

31 December 2024

NCSI end-2024 population total. Later monthly bulletins provide more current population counts and nationality splits.

Core business sectors

Economic profile

Logistics · Energy · Manufacturing · Tourism · Banking · Mining

Major companies

Headquartered or materially present

  • OQ
  • Bank Muscat
  • Omantel
  • ASYAD Group
  • Oman Air
  • Sohar Aluminium

A group name indicates a headquarters or meaningful presence in the market, not that all group employment or revenue belongs to this geography.

Startup and scaleup ecosystem

Companies to know

  • Thawani
  • eMushrif
  • 44.01
  • PhazeRo
  • Mulkia

Examples are selected to show the local company mix rather than form a complete ranking.

The Gulf Business Review view of Oman

Gulf Business Review sees Oman as the GCC economy where geography matters most to diversification. Sohar, Salalah and Duqm are not interchangeable ports, and their industrial ecosystems have different maturity and demand. The investment case rests on whether logistics advantages lead to factories, recurring cargo, supplier networks and exports rather than remaining principally a capacity story.

Reading the evidence

Oil and gas income, population, fiscal structures and the role of state capital differ sharply across the Gulf. Comparisons therefore retain their original period, unit and source instead of forcing unlike figures into a league table.

What this page covers

The guide collects reporting assigned to Oman. It does not treat a headquarters address as proof that all group activity takes place locally, and it does not merge local, regional and national statistics without a label.

Oman Business Guide | Gulf Business Review