February 22, 2026
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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 |

Refinery

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What is the Duqm Refinery? | Oman Explained

Learn about the Duqm Refinery, a major Oman-Kuwait joint venture in the Special Economic Zone at Duqm.

Feb 21, 2025
Key Indicators
Non-Oil GDP Share 70.5%
QS Ranking — SQU #334
Fiscal Balance +2.8% GDP
CPI Rank 50th
Global Innovation Index 69th
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