AGP Executive Report
Last update: 8 hours agoMaritime Risk: A tanker was struck by an unknown projectile off Oman, sparking a fire; the crew were safe, but damage and environmental impacts remain unclear. Economic Growth: Oman’s GDP rose 5.1% year-on-year in Q2 to RO9.9 billion, led by a 14.7% jump in petroleum activity. Non-oil growth was 0.7%, while industry contracted 1.5%. Financial Hub: The International Financial Centre of Oman plans to start company registrations this year, ahead of full licensing in 2027, as it prepares its legal framework and digital registry. Investment: Oman is courting French businesses in energy, technology, infrastructure and healthcare, while a proposed RO25.4 million partnership with Indonesia’s GMF AeroAsia would develop aircraft maintenance, training and parts manufacturing. Renewables: Naseem Dhofar is advancing a 125MW wind project near Fatkhait, complementing the existing Dhofar I farm.
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