OMAN 2040 VISION

The Vanderbilt Terminal for Oman's National Transformation

INDEPENDENT GLOBAL INTELLIGENCE FOR THE SULTANATE OF OMAN

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 |

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In-Country Value (ICV) Programme

Oman's In-Country Value programme mandates that major government and energy sector contracts maximise local economic content — targeting Omani workforce, locally sourced goods, and domestic services to drive private sector and SME development.

Feb 21, 2026

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What is In-Country Value (ICV)? | Oman Explained

Learn about In-Country Value, Oman's framework for retaining economic benefit from oil and gas contracts.

Feb 21, 2025