{"id":920371,"date":"2026-10-04T14:34:10","date_gmt":"2026-10-04T14:34:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/920371\/"},"modified":"2026-10-04T14:34:10","modified_gmt":"2026-10-04T14:34:10","slug":"arab-news-omans-business-activity-expands-as-wholesale-retail-sector-grows-5","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/920371\/","title":{"rendered":"Arab News | Oman\u2019s business activity expands as wholesale, retail sector grows 5%\u00a0"},"content":{"rendered":"

JEDDAH: Oman\u2019s business activity continued to grow in the first half, with the wholesale and retail sector\u2019s gross domestic product rising 5 percent to 1.74 billion Omani rials ($4.5 billion), official data showed.\u00a0<\/p>\n

Foreign investment in commercial activities rose 9.7 percent to about 305.3 million rials, while re-exports increased 13.6 percent to about 1.14 billion rials, according to data from the National Centre for Statistics and Information.\u00a0<\/p>\n

The increase comes amid disruptions to Gulf shipping routes since late February, highlighting the importance of alternative maritime corridors and Oman\u2019s strategic position along regional trade routes.\u00a0<\/p>\n

The growth reflects Oman\u2019s expanding role in regional and international trade, supported by its strategic location and logistics infrastructure, including ports, airports and land crossings, Oman News Agency reported<\/a>. \u00a0<\/p>\n

The expansion is part of Oman Vision 2040\u2019s efforts to diversify the economy beyond hydrocarbons and develop transport and logistics as key growth drivers.\u00a0<\/p>\n

Nasra bint Sultan Al-Habsi, director general of commerce at the Ministry of Commerce, Industry and Investment Promotion, said the indicators \u201creflect the continued expansion of commercial activity in the Sultanate of Oman, and confirm the importance of continuing to develop the commercial system and creating a more efficient and flexible environment for doing business,\u201d according to ONA.\u00a0<\/p>\n

She said that these efforts support investment and trade while strengthening Oman\u2019s links with regional and global markets.\u00a0<\/p>\n

She added that the 13.6 percent growth in re-exports reflects the increasing utilization of Oman\u2019s trade and logistics capabilities. \u00a0<\/p>\n

The ministry is working with relevant authorities to facilitate the movement of goods through entry points, streamline import, export and re-export procedures and improve integration among government services provided to the private sector, ONA reported.\u00a0<\/p>\n

The ministry is also working to improve the regulatory environment and digitize and simplify services through the Oman Business Platform, while providing greater support to investors and traders, she said.\u00a0<\/p>\n

These measures are intended to reduce the time and effort required to complete transactions and make the business environment more attractive for investment.\u00a0<\/p>\n

Investment and logistics\u00a0<\/p>\n

The increase in foreign investment in commercial activities is a positive indicator of the sector\u2019s attractiveness, Al-Habsi said.\u00a0<\/p>\n

The ministry is seeking to improve the competitiveness of Oman\u2019s business environment, attract quality investments and connect them with available opportunities, while leveraging the advantages of economic, free and industrial zones and the country\u2019s transport and logistics infrastructure.\u00a0<\/p>\n

It is also coordinating with government and private-sector entities to address challenges facing traders and exporters and developing digital services and regulations to improve trade efficiency, according to ONA.\u00a0<\/p>\n

The measures are aimed at strengthening Oman\u2019s position as a gateway to regional and international markets while supporting the government\u2019s broader economic-diversification strategy.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"JEDDAH: Oman\u2019s business activity continued to grow in the first half, with the wholesale and retail sector\u2019s gross…\n","protected":false},"author":2,"featured_media":920372,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46,3895,126791],"class_list":["post-920371","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy","tag-oman","tag-oman-vision-2040"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/920371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=920371"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/920371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/920372"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=920371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=920371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=920371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}