Economy Type
**Oil–Logistics–Industrial Diversification Economy
(Gulf Economy based on oil, logistics, and industrial diversification)**
Oman is classified as an Oil–Logistics–Industrial Diversification Economy .
The economy is centered on crude oil and natural gas, petrochemicals, metals, logistics and ports, construction, tourism, fisheries, and public services. While oil and gas remain important for finance and exports, manufacturing, logistics, mining, tourism, and hydrogen industries are being fostered in accordance with Oman Vision 2040.
The IMF assessed real GDP growth at 2.4% in 2025 and projected growth of approximately 3.7% in 2026, based on increased production and expansion of the non-oil sector. The IMF's forecast for consumer price inflation in 2026 is approximately 1.7%.
Country Definition
Oman is a strategic Gulf middle power expanding its manufacturing, logistics, and clean energy industries centered around Duqm, Sohar, and Salalah, leveraging its oil and gas resources and Indian Ocean port locations.
Why It Matters
Oman is located in the southeastern part of the Arabian Peninsula, connecting the Strait of Hormuz, the Arabian Sea, and the Indian Ocean. In particular, the ports of Duqm, Sohar, and Salalah are developing into supply chain hubs connecting not only the interior of the Gulf but also India, East Africa, Europe, and Asia.
According to Asyad, Oman's major port network is connected to 86 commercial ports in over 40 countries and approximately 200 inter-state shipping services. Sohar functions as a hub for petrochemicals, metals, and logistics; Salalah for transshipment and free trade; and Duqm for oil refining, heavy industry, and clean energy.
Oman is regarded as a country that maintains a relatively balanced mediating diplomacy among Iran, the GCC, and Western nations, and seeks to provide a stable business environment even amidst geopolitical tensions.
Korea Perspective
For South Korea, Oman is a supplier of crude oil and LNG, as well as a strategic market where cooperation in shipbuilding, plant construction, hydrogen, and ports is possible.
The major areas of cooperation are as follows.
- Crude oil, LNG, and gas processing
- Oil refining and petrochemical plants
- Shipbuilding, Ship Repair, and Marine Equipment
- Green hydrogen and ammonia
- Solar, Wind, and ESS
- Desalination and Water Treatment
- Smart Port & Logistics
- Mineral processing and metal materials
- Fisheries and food processing
- Tourism and Smart City
Key Keywords
- Oil and Gas
- Oman Vision 2040
- Duqm
- Sohar
- Salalah
- Green Hydrogen
- Logistics Hub
- Petrochemicals
- Mining
- Indian Ocean Gateway
The official name of Oman is the Sultanate of Oman, and its capital is Muscat. It shares borders with the United Arab Emirates, Saudi Arabia, and Yemen, and possesses the Musandam Peninsula at the entrance to the Strait of Hormuz.
The IMF estimates the population to be approximately 5.41 million in 2026. Oman's economy is composed of both domestic and foreign workers, and the government is pursuing Omanization policies to expand employment opportunities for its citizens.
Economic activity centers around Muscat, Sohar, Duqm, and Salalah. Muscat is the hub for administration, finance, and services; Sohar for manufacturing and ports; Duqm for oil refining, heavy industry, and hydrogen; and Salalah for transshipment, tourism, and the food industry.
Key Features
- Gulf countries with high political and social stability
- oil and gas dependent economy
- Strategic location in the Indian Ocean and the Strait of Hormuz
- Industrial diversification centered on ports and special economic zones
- reliance on foreign labor
- Balanced diplomacy and mediation diplomacy
The Omani economy consists of the hydrocarbon industry, manufacturing, construction, wholesale and retail trade, transportation, tourism, finance, and public services.
The economic growth rate for 2025 was set at 2.4%, up from 1.6% in 2024. The IMF projected that the growth rate would reach 3.7% in 2026 due to increased crude oil production and expansion of the non-oil sector.
Fiscal soundness has also improved. The World Bank assessed that Oman's public debt ratio fell from approximately 68% of GDP in 2020 to approximately 35% in 2024. The main reason for this is a fiscal policy that prioritized debt repayment over increased spending during a period of rising oil prices.
Market characteristics
- Government and state-owned enterprise-led projects account for a large proportion.
- High-income earners and the foreign consumer market coexist
- Emphasizing quality, price, and local service together
- Investment centered on industrial complexes and special economic zones
- Government procurement and local partners are important
- Expansion of conditions for hiring domestic citizens and local procurement
MarketHub Point
It is more effective to approach Oman by focusing on energy, industrial parks, ports, and public infrastructure projects rather than the general consumer market.
Oman's core industries are crude oil and gas, oil refining and petrochemicals, metals, logistics, mining, fisheries, tourism, and new and renewable energy.
While crude oil and natural gas remain the core of exports and fiscal policy, the government is pursuing an expansion of the non-oil economy through Oman Vision 2040. The World Bank assesses the core of Vision 2040 as reducing dependence on oil and building a diversified, globally interconnected economy.
The Duqm Special Economic Zone is being developed into the largest special economic zone in the Middle East and North Africa, accommodating oil refining, petrochemicals, metals, logistics, tourism, and clean energy projects.
Chromium, copper, limestone, gypsum, marble, and silica are important in the mining industry. The government is promoting the expansion of domestic added value through processing and manufacturing rather than the export of raw ore.
Key industries
- Crude oil and natural gas
- Oil refining and petrochemicals
- Aluminum, steel, metal
- Ports and Logistics
- Mining and mineral processing
- Fisheries and food processing
- Tourism and Hotels
- solar and wind power
- Green hydrogen and ammonia
- Desalination and Water Treatment
Key Competitive Resources
- oil and gas resources
- Indian Ocean port location
- Large-scale industrial site
- Solar and Wind Power Potential
- Metallic and non-metallic minerals
- Political stability and diplomatic balance
MarketHub Point
The core of Oman's industrial transformation is to shift oil revenues into long-term competitive strengths in ports, manufacturing, hydrogen, mining, and tourism.
오만의 주요 수출품은 원유, LNG, 석유제품, 화학제품, 금속, 광물과 수산물이다. 주요 수입품은 기계, 차량, 전기전자, 식품, 의약품과 산업용 부품이다.
중국은 오만 원유의 핵심 수요국이며 UAE·사우디아라비아·인도·미국·한국·일본과도 활발하게 교역한다. 오만의 대외무역은 에너지 가격과 아시아 수요에 크게 영향을 받는다.
소하르항은 호르무즈해협 외부에 위치하며 물류·석유화학·금속 클러스터를 보유한다. 살랄라항은 동서 간선항로와 인접한 환적거점이고, 두쿰항은 대규모 산업·에너지 프로젝트를 지원한다.
주요 교역·연결국
- 중국
- 아랍에미리트
- 사우디아라비아
- 인도
- 미국
- 일본
- 대한민국
- 카타르
- 유럽연합
- 동아프리카 국가
공급망 특징
- 원유·LNG 수출 비중이 높음
- 아시아 에너지시장 의존
- 호르무즈해협과 인도양 항로 활용
- 경제특구·자유무역지대 확대
- 항만별 산업기능이 차별화
- 해상안보와 유가변동 영향
MarketHub Point
오만의 공급망 가치는 에너지 수출뿐 아니라 호르무즈해협을 우회해 인도양으로 직접 연결되는 항만입지에서 발생한다.
Market Characteristics
오만 시장은 정부기관, 국영에너지기업, 경제특구 운영기관과 대형 민간기업의 영향력이 크다.
대형 프로젝트는 입찰, 현지 파트너, 기술이전, Omanization과 현지조달 조건을 포함하는 경우가 많다. 단순 장비수출보다 설계·조달·시공, 운영·정비와 인력교육을 결합한 방식이 유리하다.
Opportunities
- LNG·가스처리
- 정유·석유화학
- 선박수리·해양기자재
- 스마트항만·창고자동화
- 그린수소·암모니아
- 태양광·풍력·ESS
- 담수화·수처리
- 광물가공·금속소재
- 수산·콜드체인
- 관광·스마트시티
Risks
- 유가·가스가격 변동
- 정부·국영기업 의존
- 프로젝트 발주 지연
- 자국민 고용의무
- 현지조달 요구
- 작은 내수시장
- 인근 UAE·사우디와의 경쟁
- 중동 지정학적 긴장
- 수자원·기후위험
오만 경제는 2026년 원유생산 증가와 비석유산업 성장에 힘입어 회복세를 이어갈 전망이다. IMF는 2026년 성장률을 약 3.7%, 2027년은 약 3.0%로 전망했다.
장기적으로는 제11차 5개년 개발계획과 Oman Vision 2040이 산업다각화의 핵심이 된다. 정부는 물류·제조·관광·디지털경제·광업·청정에너지를 중심으로 민간투자를 확대할 계획이다.
그린수소 분야에서는 2030년 연간 100만 톤 생산을 목표로 두쿰과 도파르 지역에서 프로젝트 부지를 배정하고 있다. Hydrom은 수소 생산부터 암모니아·수출까지 통합형 가치사슬을 구축하는 전략을 추진하고 있다.
향후 주목할 변화
- OPEC+ 생산정책
- 국제유가·LNG 가격
- 두쿰 투자집행
- 그린수소 프로젝트
- 소하르·살랄라 물류확장
- 광물가공·금속산업
- Omanization 정책
- 관광·부동산 투자
- 재정·공공부채
- 중동 해상안보
Market Position
Indian Ocean Energy–Logistics Gateway + Emerging Green Industry Platform
석유·가스, 인도양 항만과 경제특구를 기반으로 중동·인도·아프리카를 연결하고 수소·제조산업으로 전환하는 걸프 전략국가
Key Opportunities
- LNG·가스
- 정유·석유화학
- 조선·선박수리
- 스마트항만
- 그린수소·암모니아
- 재생에너지·ESS
- 담수화·수처리
- 광물가공
- 수산·식품
- 관광·도시개발
Recommended Strategy
Target
두쿰·소하르·살랄라 산업권별로 사업기회를 구분한다.
↓
Partner
국영기업·경제특구·현지기업과 장기 협력구조를 구축한다.
↓
Localize
현지조달, Omanization, 기술교육과 유지보수를 반영한다.
↓
Expand
오만 항만을 활용해 GCC·인도·동아프리카 시장으로 확장한다.
Final Assessment
오만은 시장규모는 크지 않지만 에너지·항만·경제특구·수소산업을 결합해 한국기업의 중동·인도양 공급망 거점이 될 수 있는 전략시장이다.
조사 범위
본 자료는 국제기구, 오만 정부·통계·에너지·물류기관의 최신 경제·산업·공급망 자료를 교차 검토하여 작성하였다.
국제기구
- International Monetary Fund
- World Bank
- World Trade Organization
- UNCTAD
- International Energy Agency
- GCC 관련 기관
정부 및 공공기관
- National Centre for Statistics and Information
- Ministry of Energy and Minerals
- Oman Vision 2040 Implementation Follow-up Unit
- Public Authority for Special Economic Zones and Free Zones
- Hydrom
- Asyad Group
- Central Bank of Oman
- KOTRA
주요 조사자료
- IMF Oman 2025 Article IV Consultation
- IMF Oman Staff Visit, June 2026
- World Bank Oman Economic Outlook
- Oman Statistical Yearbook 2025
- Oman Monthly Statistical Bulletins 2026
- Oman Green Hydrogen Strategy
- Asyad Ports and Logistics Network
- OPAZ Economic and Free Zone Reports
Writing Verification
본 문서는 다음 원칙에 따라 작성하였다.
- 2024년·2025년 실적과 2026년 전망을 구분
- 원유경제와 비석유경제를 분리해 평가
- 항만별 산업기능을 구분
- Vision 2040 목표와 실제 프로젝트를 구분
- 수소 생산목표와 현재 개발단계를 분리
- 석유·가스 의존도와 산업다각화 가능성을 함께 반영
- 내수시장보다 공급망·경제특구 관점으로 분석
- 대한민국의 에너지·조선·플랜트·수소 협력 관점 적용
- MarketHub Country Intelligence 표준 템플릿 적용
오만은 원유·천연가스, 정유·석유화학, 항만·물류와 공공투자를 기반으로 성장해 온 걸프 경제이다.
Real GDP grew by 2.4% in 2025, and the IMF forecasts a growth rate of about 3.7% in 2026 based on increased crude oil production and the expansion of non-oil industries.
Oman's greatest strength is not only its oil and gas but also its port locations, which connect the Strait of Hormuz, the Indian Ocean, East Africa, and Asia through Duqm, Sohar, and Salalah.
Oman Vision 2040 designates manufacturing, logistics, mining, tourism, and clean energy as new growth axes. In particular, Duqm has high potential to grow into a large-scale industrial hub combining oil refining, heavy industry, and green hydrogen.
South Korea should not view Oman merely as a supplier of crude oil and LNG, but rather approach it as a hub for industrial cooperation in the Indian Ocean, linking shipbuilding, offshore plants, hydrogen, smart ports, desalination, and mineral processing.
Final evaluation
Oman is a 'Gulf economy based on oil, logistics, and industrial diversification' that pursues industrial diversification based on oil and gas resources and Indian Ocean ports.
MarketHub classifies Oman not merely as an energy supplier, but as an Indian Ocean energy and industrial platform capable of expanding into the GCC, India, and East Africa by combining Korea's shipbuilding, plant, hydrogen, and smart logistics capabilities .