According to the latest information received and recent reports from the Ministry of Economy, Oman’s operating environment remained supportive and broadly stable in early 2025. Gross Domestic Product (GDP) at current prices grew by 2.3% during the first half of 2025, with the contribution from oil activities easing marginally while non-oil activities strengthened slightly. This development supported expectations of moderate, yet resilient growth led by the non-oil economy. This stability is further underpinned by contained public finances with a debt-to-GDP ratio at around 35% in the first quarter of 2025. Population growth in the Sultanate remained around 2%, while GDP per capita was approximately USD 20,000. Meanwhile, the tourism sector also welcomed 3.9 million visitors by 31 December 2025. These helped Oman achieve full investment‑grade status from all three major credit rating agencies, reflecting strong fiscal reforms and improved debt metrics. This milestone enhances investor confidence and supports greater access to global capital markets.
As at December 2025, the report from the National Centre for Statistics and Information (NCSI) indicates that the country’s mobile subscriptions reached 8.054 million, indicating an increase of 8% in comparison to the previous year. Meanwhile, the subscription to Internet of Things (IoT) recorded a 42% increase, reaching 1,632,452 subscriptions. This trend highlights the increasing demand for smart connectivity in sectors such as logistics, utilities, and manufacturing.
Against this backdrop, Oman continues to exhibit highly tech-savvy demographics, with smartphone penetration at 98% and mobile penetration at 122%, complemented by fixed broadband penetration at 83%. The population's digital engagement is also growing, with data usage growing at a 22.4% Compound Annual Growth Rate (CAGR) between 2021 and 2025, and approximately 61% of the population active on social media. Regulatory support further reinforces sector fundamentals, with SME growth reported at 25% From 2020-2025. Mobile royalty reduced from 12% to 10%, easing pressure on core telecom profitability.
In line with Oman Vision 2040, Omantel continues to focus on digital infrastructure development, poised to steer innovation, economic diversification, and the improvement of public services. Fibre optic and fixed 5G subscriptions have grown steadily, marking a shift toward advanced high-speed connectivity.
Oman’s ICT sector continues to be positioned as a strategic catalyst for national competitiveness. Government programmes, including digital government expansion, spectrum liberalisation, cloud adoption initiatives, and incentives for innovation are strengthening the demand base for telecom services and advanced digital solutions.
