Oman Vision 2040 represents the gateway for the Sultanate of Oman to overcome challenges, keep pace with regional and global changes, and capitalize on available opportunities while generating new ones. This is aimed at enhancing economic competitiveness, social welfare, and stimulating growth and confidence in economic, social, and development relations across all governorates of the Sultanate. Based on the wise vision of His Majesty Sultan Haitham bin Tarik the Ministry of Economy, represented by the National Competitiveness Office, seeks to improve the Sultanate of Oman’s ranking in international indicators and reports.
In the latest international indicators, the Sultanate of Oman achieved progress in the World Competitiveness Report 2026, advancing 3 places to rank 25th globally out of 70 economies included in the report, compared to 28th place in 2025. This reflects the continuous improvement in the competitiveness of the national economy and the enhancement of the attractiveness of the business and investment environment.
The report’s results showed that the Sultanate of Oman achieved advanced performance in several key pillars, ranking 15th globally in government efficiency and 18th globally in business efficiency. This reflects the effectiveness of government policies and the continued investment in developing infrastructure and services that support economic growth.
The results revealed that the Sultanate of Oman possesses a set of competitive advantages that have strengthened its position as an attractive investment destination. It ranked first globally in not imposing personal income tax, second globally in collected tax revenues, fourth globally in investment incentives and consumption tax rate, and seventh globally in inflows of foreign direct investment as a percentage of GDP. This reflects the attractiveness of the investment environment and the growing confidence in the Omani economy.
The Sultanate of Oman also achieved advanced results in indicators related to policy and legislative efficiency, ranking fifth globally in investment incentives, seventh globally in the legal and regulatory framework, seventh globally in the government’s ability to adapt policies to changes, and sixth globally in public finance and social cohesion. These indicators enhance the stability of the business environment and increase Oman’s competitiveness internationally.
In the economic performance pillar, Oman recorded advanced results, ranking fourth globally in low risk of business relocation abroad, ninth globally in inflation, tenth globally in economic resilience, and fourteenth globally in real growth of gross fixed capital formation. This reflects the stability of the national economy and its ability to support growth and investment.
In the field of business efficiency and entrepreneurship, Oman ranked first globally in how companies deal with potential bias in artificial intelligence applications, third globally in entrepreneurs’ acceptance of failure as part of the entrepreneurial experience, seventh globally in venture capital, and tenth globally in entrepreneurial spirit. This reflects the development of the business environment and its increasing capacity to support innovation and growth.
Oman also stood out in infrastructure and digital transformation indicators, ranking first globally in the number of mobile broadband subscribers, fourth globally in AI skills, fourth globally in companies’ compliance with AI-related regulations, fifth globally in environmental laws, and seventh globally in investment in the telecommunications sector. This confirms Oman’s readiness for the requirements of the digital economy and the economy of the future.
The results of the Executive Opinion Survey, which is one of the key components of the index, showed that government policy stability ranked first among the factors attracting investment in the Sultanate of Oman at 50.7%, followed by the availability of a business-friendly environment at 42%, then government efficiency at 39.1%, and economic dynamism at 37.7%. This reflects the private sector’s confidence in the Omani investment environment.