Oman set its 2026 budget, the first year of the 11th Five-Year Development Plan (2026-2030), at OMR 11.98bn of spending with a deficit of 1.3% of GDP. Under Vision 2040 it is tendering road, health and flood-protection projects and drawing investment into new sectors such as AI data centres and green ammonia.
What a Korean company can do now
Government · leader
Sultan Haitham bin Tarik (head of state and prime minister)
Key national agenda
- Delivering the 11th Five-Year Development Plan (2026-2030) with about 4% growth
- Keeping fiscal discipline and preparing personal income tax for 2028
- Investment in education, health, transport infrastructure and housing
- More flood protection (dams and defences)
- Attracting investment in AI data centres, green hydrogen and ammonia
- Localisation (local content) and e-invoicing (Fawtara)
Government programmes
2026 state budgetOMR 11.98bn
Assumes $60/bbl oil; revenue OMR 11.45bn, deficit OMR 530m
Government development project pipelineOver OMR 1.5bn
Government Projects Forum 2026 set out over OMR 1.5bn of projects and about 10,000 tenders from 57 entities
74 government contracts awarded Jan-Jul 2026OMR 734m
About OMR 734m including medicines, Muscat Expressway expansion, Mahout fishing port and a genome centre; 60 new tenders (flood protection, e-health portal and more)
Salalah AI data centreGBP 1bn
Oman and the UK agreed a GBP 1bn AI data centre (reported October 2026)
Business opportunities
Public-procurement bid automation and tender consulting
🔒 Why-now and buyers — analysis member ₩19,800/mo
Digital health services (e-health portal operations, AI clinical support)
🔒 Why-now and buyers — analysis member ₩19,800/mo
Open this week
Solutions and training linked to AI data centres
A large AI data centre investment has been agreed.
Investment authority, telecom operators, public bodies
Consulting on personal income tax and e-invoicing compliance
🔒 Why-now and buyers — analysis member ₩19,800/mo
Free members get a human-reviewed summary by email for up to 3 countries a month (sent within 24h). BUILD members get them all.
Korean support schemes
- KOTRA Muscat trade office · KOTRA — Provides information on Omani government procurement and buyers, plus entry advice.
- Overseas construction support · International Contractors Association of Korea (ICAK) — Provides Middle East infrastructure bid information, such as roads and dams, and order-winning support.
- Export Voucher Program · MOTIE / Ministry of SMEs and Startups — Covers overseas certification and local marketing costs through vouchers.
Official notices
Oman Public Authority for Projects, Tenders and Local Content (Tender Board)
- 2026-10-29 Oman and the UK agree a GBP 1bn Salalah AI data centre; 28 investment agreements worth OMR 304m reported
- 2026-08-01 74 government contracts (OMR 734m) awarded and 60 new tenders issued in Jan-Jul 2026
- 2026-02-17 Government Projects Forum 2026 sets out over OMR 1.5bn of projects and tender timelines
- 2026-01 2026 budget and the 11th Five-Year Plan begin
Disaster · conflict · epidemic
Watch 2026-11-07
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Tanker engine room hit by two projectiles 14 nm NE of Limah (3 Nov, UKMTO) (single source) · Tanker hit and set on fire 106 nm off Musandam, 25 crew rescued (30 Oct) · Mediator in the Iran war; exposed to Hormuz tensions
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