Oman's industrial exports rise 8.6% to over RO1.6bn in Q1
The NCSI data indicated that Omani industrial exports have experienced significant expansion across several regional markets, reflecting the growing presence of Oman's industrial sector on the regional trade map. Saudi Arabia recorded a robust 28.3% increase in its imports of Omani industrial products, reaching RO259mn – highlighting the strong economic ties between the two countries and the increasing demand for Omani goods in the Saudi market.
In a statement to the Oman News Agency, Mazin bin Humaid al Siyabi, Assistant Director General of the Directorate General of Industry at the Ministry of Commerce, Industry and Investment Promotion, explained that the rapid growth in Omani industrial exports in recent months represents tangible evidence of the success of the ministry's industrial policies.
'These policies focus on diversifying export markets, improving production efficiency, enhancing the competitiveness of Omani products, achieving economic diversification goals, and building a resilient industrial base capable of adapting to global changes,' he said.
Commenting on the growing trade between Oman and Saudi Arabia, Nasra bint Sultan al Habsi, Director General of Trade at the Ministry of Commerce, Industry and Investment Promotion, stated that the rise in trade between the two countries is a direct result of sustained bilateral cooperation and reflects the increasing economic integration across various sectors.
She explained that the Economy, Trade and Industry Committee, an offshoot of the Omani-Saudi Coordination Council, has been committed, since its inception, to addressing trade-related challenges, standardising customs procedures, facilitating land transit at border crossings, and electronically linking the trade systems of both countries. 'These efforts have significantly contributed to improving the flow of goods and services and boosting commercial traffic through the Rub' al-Khali border crossing, which has become one of the key emerging arteries of trade between the two nations.'
Nasra added that Saudi Arabia has become Oman's second-largest trading partner in the Gulf, amid rising aspirations for deeper industrial and commercial integration in the near future. She noted that Oman welcomes increased Saudi investment, particularly in special economic zones and free zones, which offer advanced infrastructure and competitive investment incentives. This is in line with the alignment of the strategic objectives of Oman Vision 2040 and Saudi Vision 2030.
Siyabi highlighted that recent months have seen increased momentum in coordination and engagement between industrial sector officials in both countries. This has been reflected in a series of meetings, mutual visits, specialised workshops, and networking events for investors and entrepreneurs. He added that these initiatives have directly contributed to expanding areas of industrial cooperation, particularly in priority sectors such as manufacturing, advanced technologies, and supply chains.
He pointed out that this new dynamism in industrial relations reflects the alignment of strategic visions between Oman and Saudi Arabia, adding that the shared emphasis on developing the industrial sector as a cornerstone of economic diversification is a promising strategy – one whose results are already evident in the growth of Omani industrial exports to Saudi Arabia and other regional markets.
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