Oman is taking a big step in opening its economy to the world. On August 31, the country will launch its golden visa programme for investors. The plan aims to strengthen Oman’s position as a global investment hub and speed up its transition toward a digital economy.
The Ministry of Commerce, Industry and Investment Promotion (MoCIIP) confirmed that the golden visa will be introduced during a special event in Salalah. The programme will be announced under the patronage of Sayyid Marwan bin Turki Al Said, Governor of Dhofar.
Alongside the golden visa, Oman will also reveal two other major initiatives:
- The “Al Majida Companies” initiative to support high-performing Omani businesses.
- A new digital service that allows the electronic transfer of commercial registrations through the Oman Business platform.
The launch event will also include the signing of cooperation agreements with Sultan Qaboos University, the German University of Technology, the Oman Energy Association, and Ebinaa. These agreements will support growth in the construction sector, one of Oman’s fastest-developing industries.
Golden visa offers investors stability and growth
The golden visa programme will allow investors and entrepreneurs to obtain long-term residency in Oman. This offers stability, security, and confidence for those planning to build businesses and lives in the Sultanate.
According to Mubarak bin Mohammed Al Douhani, Director-General of Planning at the ministry, the golden visa is expected to bring several benefits. It will attract foreign investment, create jobs, and give investors the confidence to grow their businesses in Oman.
The golden visa will make Oman more competitive in the region. Similar programmes in the UAE and Saudi Arabia have already drawn global investors. Now Oman is ready to join this trend, offering its own version tailored to local opportunities.
The Al Majida Companies initiative to empower Omani businesses
Oman is not only focusing on foreign investors. The Al Majida Companies initiative will highlight leading Omani companies and provide them with special support.
These businesses will gain access to resources, incentives, and growth opportunities. The aim is to help them expand locally and globally. With this initiative, Oman wants to create strong national champions that can compete in international markets.
Supporting local companies will also ensure that Oman’s economy grows in a balanced way. Foreign investment will bring capital and expertise, while local businesses will remain central to the country’s development.
Digital transformation with the Oman Business platform
Oman is moving quickly into the digital age. A new feature on the Oman Business platform will allow businesses to transfer commercial registrations electronically.
This digital service will save time, cut costs, and reduce paperwork. It will also improve transparency by reducing reliance on manual processes. For investors, this means less waiting and fewer complications when setting up or transferring a business.
Al Douhani explained that this move shows Oman’s commitment to building a modern digital economy. The platform will make it easier for entrepreneurs to operate while ensuring the business environment stays clear and efficient.
Building skills and innovation in construction
The golden visa launch event will also spotlight Oman’s efforts to develop its construction industry. The government will sign agreements with top universities and private sector groups.
These partnerships include Sultan Qaboos University, the German University of Technology, the Oman Energy Association, and Ebinaa. The focus is on training national talent, encouraging innovation, and modernizing building practices.
By combining education with private-sector expertise, Oman wants to ensure the construction sector grows sustainably. This will also create jobs for young Omanis and reduce the country’s dependence on imported expertise.
A step toward Oman Vision 2040
All these initiatives tie into Oman Vision 2040, the country’s long-term development plan. Vision 2040 aims to create a diverse and sustainable economy by reducing dependence on oil and gas.
The golden visa supports this goal by attracting long-term foreign investment. The Al Majida initiative ensures that local companies stay strong. The digital business platform makes Oman’s trade environment more modern and transparent. Together, these reforms help Oman build a business-friendly economy.
Vision 2040 also highlights the importance of sectors such as tourism, logistics, technology, and renewable energy. By offering investors opportunities in these areas, Oman is showing its commitment to growth beyond oil.
Competing with Gulf neighbours
The Gulf region has become highly competitive in attracting foreign investors. The UAE and Saudi Arabia have already launched long-term residency schemes that give investors security and confidence.
Oman’s golden visa comes at the right time. The country offers unique advantages, such as:
- A strategic location linking Asia, Africa, and the Middle East.
- A cost-friendly business environment compared to some neighbours.
- Huge opportunities in emerging industries like logistics, tourism, and renewable energy.
By combining the golden visa with digital reforms and support for Omani businesses, Oman is creating a complete package for investors.
Where investors can find opportunities in Oman
The golden visa programme is designed to attract investors in many sectors. Some of the most promising areas include:
- Tourism and hospitality: Oman’s beaches, mountains, and heritage sites make it a growing travel destination.
- Logistics and trade: Ports and free zones give Oman a strong position as a logistics hub.
- Renewable energy: Solar and wind projects are expanding, creating green investment opportunities.
- Technology and digital services: With a push toward e-commerce and fintech, the tech sector is full of potential.
- Construction and infrastructure: New projects supported by government and private-sector cooperation are shaping Oman’s future cities.
For investors, the golden visa adds another layer of confidence. It provides long-term residency and stability, making Oman more than just a place to invest—it becomes a place to call home.
Transparency and investor confidence
A major part of Oman’s reforms is about creating trust. By digitizing business services like commercial registration transfers, the government is making the process clear, fast, and transparent.
This improves investor confidence, as companies can operate without unnecessary delays. It also ensures fair competition by removing hidden costs and reducing bureaucracy.
These steps send a clear message: Oman is serious about building a business environment that is efficient, honest, and future-ready.
Oman’s future as a global investment hub
The launch of the golden visa marks a new era for Oman. Together with the Al Majida initiative and digital reforms, it shows a strong commitment to building a sustainable and diverse economy.
Oman is not simply copying its Gulf neighbours. Instead, it is building a system that combines foreign investment, local business growth, and digital innovation. This balanced approach is designed to create long-term benefits for both investors and the Omani people.
With these reforms, Oman is ready to present itself as a reliable partner in global trade and investment. The golden visa is not just a residency permit—it is a symbol of opportunity, stability, and growth.
