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Oman

Capital: Muscat · Currency: OMR

Oman blends a long maritime trading heritage with modern oil and gas exports. Its strategic location outside the Strait of Hormuz (Duqm, Salalah) makes it a logistics and green hydrogen contender.

GDP

$110 billion

GDP / capita

$22 K

Population

~5.2 M

Currency

OMR

01 · Overview

Country Overview

Oman blends a long maritime trading heritage with modern oil and gas exports. Its strategic location outside the Strait of Hormuz (Duqm, Salalah) makes it a logistics and green hydrogen contender.

Vision & future plans

Oman Vision 2040 — diversification into logistics, tourism, mining, manufacturing and green hydrogen.

Main Industries

Oil & GasLogisticsMiningTourismFisheries

GDP Drivers

▸ Hydrocarbons
▸ Logistics & ports
▸ Tourism
▸ Mining

02 · Markets

Fastest Growing Companies

Petroleum Development Oman

Energy

Main upstream oil & gas operator.

Growth driver: Enhanced oil recovery & gas growth.

OQ Group

Energy

Integrated state energy company.

Growth driver: Downstream and green hydrogen.

Bank Muscat

Banking

Largest commercial bank in Oman.

Growth driver: Digital banking expansion.

Asyad Group

Logistics

Integrated logistics holding (ports, shipping, freight).

Growth driver: Duqm and Salalah hub strategy.

Omantel

Telecom

Leading telecom with stake in Zain Group.

Growth driver: Regional telecom dividends.

Live market data may be delayed depending on source. Quotes via third-party API — verify against the official exchange before use.

03 · Wealth

Billionaires & Wealthy Individuals

Net-worth figures are refreshed periodically from Forbes, Bloomberg and similar sources. All values shown are estimates.

04 · Dynasties

Richest Families

Al Said (Royal Family)

Sovereign / state holdings

Ruling dynasty since 1744.

Bahwan

AutoIndustryRetail

Founded by Suhail and Saud Bahwan brothers, now split into separate groups.

Zubair

EngineeringOil services

The Zubair Corporation is one of Oman's oldest private groups.

05 · History

Economic History

Oman's wealth predates oil — from frankincense and maritime trade reaching East Africa and India. Oil exports began in 1967, funding modernization under Sultan Qaboos (1970–2020). Vision 2040 now targets a post-oil diversified economy.

06 · News