AGP Executive Report
Last update: an hour agoDigital Economy: Oman has launched the 2026–30 phase of its digital economy programme, targeting RO300 million in technology investment, 3,000 direct jobs a year and a RO1.5 billion contribution to GDP by decade’s end. Energy: Masirah Oil has started drilling its delayed Yumna field campaign, with production from the first well expected in November; a Spanish firm has also won design work for a 500MW solar project. Investment: New rules for economic and free zones put greater weight on local content, technology transfer and export growth. Oman and the UK have pledged more than £1 billion in investment, with cooperation spanning trade, technology and sustainability. Shipping: Oman’s ports handled about 146 million tonnes of cargo in the first eight months, up 62.3% year on year. The growth comes as a tanker was struck by a projectile off Oman’s coast; its crew were safe and the fire was extinguished. Outlook: The IMF expects Oman to avoid the 2026 contraction forecast for the wider GCC, while warning that further energy and shipping disruptions could worsen regional prospects.
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