MUSCAT, Oct 24
Oman has restored investment-grade standing and minimize public debt sharply whilst construction a pipeline of green-hydrogen initiatives, Central Financial institution of Oman Governor Ahmed bin Jaafar al Musalmi instructed the inaugural Oman Funding Discussion board in the UK this week. He mentioned secure reform and a solid financial framework have been underpinning enlargement and investor passion.
Al Musalmi highlighted a multi-year fiscal turnaround: govt debt fell from about 68 consistent with cent of GDP in 2020 to 34–36 consistent with cent in 2024, aided by way of speeded up amortisations and more potent oil receipts. Ranking companies S&P (Sept 2024) and Moody’s (July 2025) now assess Oman at BBB-/Baa3 (funding grade) with solid outlooks.
He pointed to low inflation and non-oil momentum. IMF and legitimate knowledge display moderate consumer-price inflation round 0.6–1 consistent with cent in 2024, whilst non-hydrocarbon GDP outpaced general enlargement amidst OPEC+ oil output limits. Oman’s actual GDP grew 1.7 consistent with cent in 2024, with multilateral lenders projecting a steady pickup.
Al Musalmi solid Oman as a potential green-energy exporter, noting 9 awarded green-hydrogen initiatives and over $50 billion of anticipated funding commitments throughout rounds. The IEA expects Oman to rank a number of the top-10 hydrogen exporters by way of 2030; GH2 Oman cites over 50,000 km² of high-yield sun sources supporting large-scale initiatives.
Ahmed al Musalmi, CBO Governor
On logistics, he underlined Oman’s Indian Ocean ports — Salalah, Duqm and SOHAR — as a gateway to regional markets. Salalah treated about 3.3m TEUs in 2024 and has lifted capability to 6m TEUs, whilst cumulative funding throughout Oman’s particular financial zones, loose zones and commercial towns reached round RO 21 billion ($54 billion) by way of end-2024.
Capital markets “deepened” at the again of privatisations. The $2.03 billion OQ Exploration & Manufacturing IPO (Oct 2024) used to be round 2.7x oversubscribed, the rustic’s greatest checklist thus far. Via mid-2025, MSX marketplace capitalisation used to be round RO 28–29 billion ($73–75 billion), kind of two-thirds of 2024 GDP.
Banking signs stay forged: capital adequacy 17%, NPLs 4.4–4.5 consistent with cent and abundant liquidity buffers, in step with CBO publications and IMF checks.
“Oman’s story is one of stability with momentum, reform with purpose and partnerships with vision”, Al Musalmi mentioned, inviting international buyers to take part within the subsequent segment of Oman Imaginative and prescient 2040.
“Inflation close to 1 consistent with cent and is construction a world-class green-hydrogen ecosystem with 9 awarded initiatives”, Al Musalmi mentioned, bringing up reforms within the monetary sector and the energy of Oman’s ports and loose zones.
