72.5% -> 91.6%
Official non-oil GDP share path
The target still requires many years of successful compounding.
Back to national programs
Program file
Economic Diversification Program
This program is the center of gravity for the whole site. If it works, the rest of the architecture starts reinforcing itself. If it stalls, almost every target gets harder.
7.5%
Manufacturing growth in the latest official cycle
One of the stronger non-oil sector readings in the report.
7.2%
Agriculture and fisheries growth in the latest official cycle
Useful because it widens the diversification story beyond industry and logistics.
Target frame
What Oman is trying to do
- Reduce structural dependence on hydrocarbon revenue and output by widening the non-oil economy.
- Build thicker sector depth in manufacturing, logistics, tourism, agriculture, fisheries, mining, and new energy.
- Use diversification to create exports, jobs, resilience, and a better fiscal base at the same time.
Current read
Where execution stands now
- Oman is past the point where diversification is just a slogan. The numbers now show real movement, and multiple sectors are contributing.
- The remaining challenge is scale and consistency. A non-oil share in the 70s is meaningful progress, but not enough to declare the mission done.
- This program also needs strong connections to labour, governance, finance, and city development. Diversification cannot compound inside a silo.
Regional lens
How the UAE and Saudi files compare
UAE comparison
- The UAE builds diversification through multiple linked strategies at once: We the UAE 2031, Operation 300bn, and the Digital Economy Strategy.
- That means Oman is not competing against one benchmark but against a stacked regional operating model.
Saudi comparison
- Saudi’s diversification file is tracked through clearer 2030 milestones, especially non-oil exports and private-sector contribution to GDP, backed by a wider sector-program portfolio.
- Oman’s path can still win on focus, but it has to show stronger conversion from macro stability into sector scale.
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