Inspire Oman Summit 2026 Highlights Sultanate’s Investment Appeal

Summit Overview and Highlights

Oman hosted the Inspire Oman Summit 2026 for investors in Muscat on Wednesday, in strategic partnership with the Oman Chamber of Commerce and Industry (OCCI) and organised by Mefriend.

The summit was held under the auspices of HH Sayyid Mohammed Salim Al Said, with Faisal Abdullah Al Rowas, Chairman of the Board of Directors of OCCI, in attendance. Its theme was “Where Vision Meets Investment” and it aimed to highlight the successes of foreign investors in the Sultanate, honouring several who have achieved success there and those who promote investment opportunities for Oman.

Discussions focused on enhancing Oman’s standing as an investment destination, transforming economic assets and promising opportunities into qualitative projects and partnerships that support economic diversification and raise the private sector’s contribution to development.

Investment Announcements and Partnerships

The event saw the signing of a Memorandum of Understanding between Hotpack and Sea Pride in the packaging sector. Premium Global Group announced the establishment of a topping refinery and the management and processing of oil waste in the Special Economic Zone at Duqm, valued at $10 million. E. M. Badrudeen & Partners revealed plans for a new engineering and manufacturing facility. Avenzo Pharma disclosed its investment in pharmaceutical manufacturing in Khazaen Economic City, while Al Faddan launched the Bianca Luxury project also located in Khazaen Economic City.

Statements from Officials

Faisal Abdullah Al Rowas stated that the Inspire Oman Investors Summit 2026 brings together investors and business leaders, reflecting the importance of strengthening economic relations, exploring investment opportunities and building mutually beneficial partnerships. He noted that rapid transformations in the global economy, accompanied by changes in supply chains, growing interest in energy and food security and advancements in technology and industry reinforce the need for investment destinations that offer stability, competitiveness and access to regional and international markets. He added that Oman’s attractiveness is bolstered by its commitment to economic diversification within the framework of Oman Vision 2040, its continued development of the legislative and regulatory framework, streamlining of procedures and expansion of digital services, thereby creating an environment supportive of business growth and offering diverse opportunities for investors in productive and service sectors.

Shri Prashant Pise, Ambassador of the Republic of India to Oman, affirmed that Omani-Indian economic relations rest on firmly established historical trade ties and common interests, as well as the significant capabilities possessed by both countries to enhance cooperation in priority sectors. He explained that the diversity of opportunities available in economic sectors provides broad scope for Indian and Omani companies to develop joint projects, leverage mutual expertise and capabilities and enhance their presence in regional and international markets. The Ambassador also emphasised that the Comprehensive Economic Partnership Agreement (CEPA) between Oman and India represents an important opportunity to elevate commercial and investment relations between the two countries.

Abdul Latif Khunji, Board Member of the Oman Chamber of Commerce and Industry and Chairman of the Foreign Investment Committee at the Chamber, said that the Inspire Oman Investors Summit 2026 represents an important platform for exchanging expertise and successful investment experiences, reviewing promising opportunities in various economic sectors and enhancing communication between investors and business owners. He noted that Oman possesses a set of capabilities that support its investment attractiveness, including its strategic geographic location, infrastructure, transport and logistics networks, alongside the capabilities provided by economic and free zones that support business, production and exports.

Panel Discussions and Topics

The summit featured a number of panel discussions that addressed entrepreneurial experiences, commercial and investment opportunities, investment prospects in the circular economy, energy efficiency and converting environmental solutions into scalable economic opportunities, as well as the fisheries sector. It also covered artificial intelligence applications in business and innovation, their role in developing operating models, elevating efficiency and enhancing competitiveness, alongside reviewing opportunities provided by modern technologies to develop institutions and open new avenues for growth.