Oman’s tourism sector GDP share to reach 5% by 2030

Oman’s tourism sector GDP share to reach 5% by 2030

MUSCAT - The Ministry of Heritage and Tourism seeks to revitalise the tourism sector in the coming years as one of the targets of economic diversification and one of the priorities of Oman Vision 2040.

The ministry is currently working to encourage tourism investments, expand the opening of tourism representation offices and enhance tourism promotion plans in the target countries, markets most exported to tourists.

In addition, the government seeks to give diplomatic missions an important role in promoting trade exchange and promoting the Sultanate of Oman as a tourist destination and an attractive investment destination. The Sultanate of Oman aims to raise the tourism sector’s contribution to GDP to 5 per cent by 2030.

The sector’s contribution to GDP is expected to rise to about 10 per cent by 2040. The sector’s direct and indirect added value amounted to RO 1.3 billion at the end of 2019 with a direct value of RO 718 million, compared to RO 700 million in 2018.

The ministry is working with Omran Group - the state-owned tourism investment, development and management group - to identify opportunities and projects to increase the sector’s potential, as the value of investment opportunities in the tourism sector during the next twenty