OCCI meets IMF Team, showcases economic developments, opportunities in non-oil sectors

The Oman Chamber of Commerce and Industry (OCCI) hosted a delegation from the International Monetary Fund (IMF) in Muscat, showcasing the Sultanate's economic progress and future prospects. The OCCI highlighted key economic developments and outlined significant opportunities for growth within Oman's non-oil sectors during the 2026-2027 business year.

A central theme of the discussions was the imperative to continue diversifying the sources of national income, aligning with the strategic objectives of Oman Vision 2040. Both OCCI and the IMF delegation underscored the importance of enhancing the competitiveness of the Omani economy to ensure sustainable growth and attract further investment.

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The private sector maintains its role as a key partner of the government in achieving the goals of economic diversification.

Eng. Hamoud Salim Al Saadi, Second Deputy Chairman of the OCCI Board of Directors, chaired the meeting, which also included IMF official César Serra. Al Saadi emphasized the private sector's crucial role as a government partner in achieving economic diversification goals. He pointed to promising opportunities in sectors such as industry, logistics, and tourism, further bolstered by ongoing infrastructure projects, increased investments, and a supportive business environment driven by digital transformation.

The meeting formed part of the IMF team's current visit to Oman to review the country's economic and financial policies. Representatives from companies operating in key economic sectors also attended, underscoring the collaborative approach to Oman's economic development.

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Omani non-oil sectors boast a variety of promising opportunities for growth driven by infrastructure projects, expansion in investments (in the sectors of industry, logistics and tourism), in addition to digital transition and a motivating business environment.