Oman’s 3.5% GDP growth backed by logistics

Oman’s logistics sector is set to support economic growth as the country’s GDP is expected to grow 3.5% in both 2026 and 2027, with logistics, manufacturing and public investment supporting non-oil activity, according to data from Standard Chartered. The bank also highlighted strong activity across logistics, manufacturing, re-export activity and energy-linked infrastructure.

The Sultanate’s ports, industrial zones and logistics infrastructure are helping strengthen cargo and trade links with regional and global markets. They also support re-export activity and give businesses access to trade routes connecting the Middle East and wider international markets.

Standard Chartered said Oman’s location and logistics infrastructure can help the country capture more trade and investment as companies rethink supply chains and trade routes. The sector can also support cargo movement, storage and distribution across regional markets.

The bank also expects Oman’s stronger fiscal position to support continued investment. It raised its forecast for the country’s fiscal surplus to 4.6% of GDP in 2026 and 3.6% in 2027.

Hussain Al Yafai, CEO and Head of Coverage, Standard Chartered Oman, said: “As companies rethink supply chains and trade routes, Oman’s advantage is increasingly about connectivity as well as resilience. Its ports, industrial zones and logistics infrastructure serve as a strong platform to capture greater trade and investment activity and strengthen its links with regional and global markets. This can support the continued expansion of the non-oil economy while reinforcing Oman’s position as an increasingly important destination for long-term investment.”

The outlook places logistics among the key sectors supporting Oman’s economic diversification under Vision 2040.