RIYADH: Oman has launched manufacturing investment opportunities worth up to 6.54 million Omani rials ($17 million) each, backed by guaranteed purchase agreements aimed at reducing investor risk and attracting capital.
The Ministry of Commerce, Industry and Investment Promotion unveiled the package as part of efforts to expand domestic manufacturing and encourage local and foreign investment in strategic industries, according to the Oman News Agency.
The initiative is designed to secure demand for a portion or all of a project’s output before operations begin, helping investors improve access to financing and strategic partnerships while lowering commercial risks.
This aligns with Oman Vision 2040, the country’s long-term strategy to diversify the economy, increase private-sector participation and attract high-value investments.
Khalid Hamed Al-Kharusi, director general of investment promotion at the Ministry of Commerce, Industry and Investment Promotion, said the initiative “reflects a shift away from traditional investment offerings toward projects backed by confirmed market demand.”
He added that the opportunities were developed in cooperation with government entities and other stakeholders to ensure alignment with market requirements and supply-chain needs, enhancing their readiness for implementation and growth.
Among the largest opportunities are a refrigerator manufacturing plant and a tire factory, each requiring an investment of 6.54 million rials. Both projects will occupy sites spanning 10,000 sq. Meters.
The package also includes an air-conditioning manufacturing plant worth 6.54 million rials that will produce energy-efficient cooling units for domestic and regional markets.
Al-Kharusi said guaranteed purchase agreements help reduce operational risks, improve projects’ ability to secure financing and strategic partnerships, and accelerate implementation, generating added value for the national economy.
Other opportunities include a computer and accessories manufacturing plant valued at 6.15 million rials, a military uniform accessories factory worth 6 million rials, a textiles and fabrics factory valued at 4.60 million rials, and a stationery and office supplies manufacturing plant worth 2.5 million rials.
According to the ministry, the initiative forms part of Oman’s efforts to develop investment projects that are more closely aligned with market needs and local supply chains, helping improve efficiency, accelerate returns and support long-term growth.
Under the pre-purchase agreement model, committed buyers agree in advance to purchase part or all of a project’s future output through contractual arrangements negotiated before production begins. The mechanism is intended to provide investors with greater visibility over future revenue streams, improve access to financing and attract strategic partners.
The ministry said the opportunities were developed based on technical and economic studies assessing domestic demand, export potential and operational viability, while providing clear business models and contractual frameworks aimed at supporting long-term project stability.
