Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target | Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target |

ESG Investing in Oman

Guide to environmental, social, and governance investment considerations in Oman's capital markets and project finance.

Market Overview

ESG considerations are gaining prominence in Oman’s investment landscape, driven by sovereign green bond issuances, the Muscat Securities Market’s sustainability reporting requirements, and growing institutional investor demand for ESG-compliant assets.

Oman’s Net Zero 2050 commitment, announced at COP26, has catalysed green investment frameworks across energy, industry, and finance.

Opportunity Assessment

Green bonds and sustainability-linked financing represent the fastest-growing ESG segment. Carbon credit trading opportunities are emerging through industrial decarbonisation projects. ESG-screened equity portfolios on the MSX have outperformed conventional indices by 2.3% annually since 2021.

MetricValue
Green bond issuancesOMR 1.8 billion cumulative
MSX ESG reporters35% of listed companies
Renewable energy target30% by 2030
Net Zero commitment2050
Carbon intensity reduction7% since 2020
ESG fund AUM growth25% annually

Risk Factors

ESG data availability and quality remain limited for Omani companies. Greenwashing risk exists in early-stage sustainability reporting. Hydrocarbon sector exposure creates transition risk for broad market indices.

Entry Strategy

Green bond subscription through primary dealer relationships provides fixed-income ESG exposure. Engagement strategies with listed Omani companies can drive governance improvements. Renewable energy project equity satisfies impact investment mandates.

Vision 2040 Alignment

ESG principles are embedded across Vision 2040 through environmental sustainability targets, governance reform commitments, and social development indicators that align with global sustainable development goals.

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