Inside Oman’s Wealth Boom: $140 Billion Economy Poised for Regional Outperformance by 2030

The Next Gulf Growth Story

Once perceived as the quiet engine of the Gulf, Oman is now emerging as a serious financial contender. The Global Wealth Report by CEOWORLD Magazine (2025) projects the Sultanate’s total financial wealth will climb from $115 billion in 2024 to $140 billion by 2030, a reflection of its maturing investment landscape, diversification policies, and stable macroeconomic fundamentals.

This steady rise mirrors Oman’s commitment to economic transformation outlined in its Vision 2040 strategy, aiming to reduce dependence on hydrocarbons, stimulate private-sector growth, and position itself as an agile and data-driven economy.

A Solid Wealth Base: From Stability to Expansion

As of 2024, Oman’s total financial assets stand at $115 billion, supported by disciplined fiscal management and strong domestic savings rates. By 2030, these assets are expected to grow 22%, reaching $140 billion.

Behind this broad trajectory are two reinforcing trends:

• Wealth democratization — a steady rise in middle- and upper-middle-class investors entering the market.
• Institutional sophistication — new financial instruments, asset management infrastructure, and technology-driven advisory platforms empowering wealth expansion.

Real Assets: The Structural Backbone

Parallel to financial expansion, Oman’s real assets, valued at $197 billion, are projected to hit $235 billion by 2030. While the compound annual growth rate (CAGR) has witnessed a modest −0.2% adjustment, analysts attribute this dip to short-term revaluations in property markets and conservative accounting of energy-sector assets.

By contrast, long-term indicators remain robust. Incremental infrastructure investments—from port development and industrial zones to logistics corridors and energy diversification projects—are expected to enhance the intrinsic value of physical assets significantly.

Liabilities: Controlled and Predictable

Financial discipline remains a defining feature of Oman’s macroeconomic posture. Liabilities, currently $13 billion, will rise modestly to $15 billion by 2030, highlighting a low leverage ratio by GCC standards. This balance sheet prudence enhances investor confidence and creates headroom for foreign inflows as sovereign credit ratings stabilize.

Investable Wealth: A Substantial Upswing

One of the most striking findings from the CEOWORLD Global Wealth Report is Oman’s investable wealth trajectory—rising from $80 billion in 2024 to $110 billion by 2030, a 3.7% CAGR. This segment—spanning equities, bonds, mutual funds, and alternative assets—is fast becoming the country’s economic engine.

Private investment firms and family offices are increasing exposure to equity portfolios, while sovereign funds are strategically pivoting toward technology, logistics, and energy innovation, reflecting both diversification and modernization.

Non-Investable Wealth: Recovery and Resilience

After a brief contraction in 2024, Oman’s non-investable wealth—encompassing property ownership and tangible holdings—is expected to regain momentum, posting a 1.9% CAGR through 2030. This signals a rebound in consumer confidence, particularly in higher-end real estate, art, and restricted capital classes.

Portfolio Composition: Equities and Deposits Dominate

Omani portfolio allocations remain conservative but increasingly dynamic:

• Equities and currency deposits account for a dominant share, capitalizing on regional banking stability and stock market modernization.
• Life insurance and pension contributions continue gradual growth as demographic participation expands.
• Alternative investments, including private equity and real estate funds, are gaining traction among younger, digitally savvy investors seeking differentiated returns.

The Four Imperatives for Oman’s Wealth Managers

The CEOWORLD report outlines four strategic imperatives to sustain momentum and capture future growth:

1. Building a Differentiated Brand

Wealth management institutions must articulate a clear value proposition beyond traditional financial returns—integrating transparency, legacy planning, and social impact narratives to resonate with evolving investor values.

2. Leveraging AI for Client Acquisition

AI-powered data models are transforming how firms identify prospects and personalize services. Predictive analytics can anticipate client needs, optimize retention, and align portfolio structures with behavioral insights.

3. Integrating Data-Driven Recommendations

Automated advisory systems enriched with real-time market intelligence can enhance client trust and operational efficiency, enabling advisors to scale while maintaining bespoke service quality.

4. Engaging Younger Investors Digitally

With millennials and Gen Z investors entering Oman’s wealth landscape, institutions must craft personalized, mobile-first experiences that emphasize inclusivity, user design, and educational content.

Economic Context: A Vision Guided by Data

Oman’s Vision 2040 agenda aligns seamlessly with the data-driven growth highlighted in CEOWORLD’s report. The government’s approach—anchored in digital transformation and sustainable capital policies—creates a high-trust environment that encourages private and foreign investment.

Industry observers note that fintech adoption in Oman’s financial sector has risen by over 45% since 2021, positioning the Sultanate as a regional financial innovation hub for the next decade.

Regional Comparison: Oman’s Distinct Path

While peers like Saudi Arabia and the UAE have experienced faster short-term surges, Oman’s growth is more measured, diversified, and durable. The Sultanate’s focus on balance-sheet optimization and stability—versus aggressive speculation—designates it as a safe haven for risk-conscious investors in the Gulf.

Foreign participation in Omani capital markets has expanded steadily, aided by improved regulatory frameworks, transparent tax structures, and enhanced access to public data.

Strategic Sectors Driving Wealth Growth

Key contributors to Oman’s wealth expansion by 2030 include:

• Energy diversification, with significant commitments in renewables and hydrogen.
• Transportation and logistics, bolstered by cross-border trade corridors.
• Tourism and hospitality, targeting luxury eco-destinations.
• Digital banking and AI fintech adoption, forecast to capture double-digit growth.
• Education and healthcare investments, appealing to long-term social infrastructure portfolios.

A Regional Financial Outlook

In a GCC context, Oman’s projected $140 billion wealth milestone places it as an emerging mid-tier wealth hub, behind Saudi Arabia but ahead of regional newcomers. The country’s prudent fiscal approach attracts global investors seeking geopolitical neutrality and predictable yields.

This is further reinforced by the Central Bank of Oman’s stable monetary policies, aligning closely with IMF projections for non-oil GDP growth at 3.5–4% annually through 2030.

Oman’s Wealth Overview (2024–2030)

Oman’s Investment Advantage: Stability with Sophistication

For global wealth managers, Oman offers one of the most balanced investment ecosystems in the MENA region. Unlike economies highly exposed to energy market cycles, Oman’s diversified approach—underpinned by regulatory maturity and prudent fiscal reform—creates a low-volatility environment conducive to long-horizon investment strategies.

Outlook: From Wealth Growth to Wealth Effect

By 2030, Oman’s financial evolution may trigger a deeper “wealth effect,” translating rising asset values into enhanced consumption, entrepreneurship, and domestic reinvestment. Policymakers aim to ensure this transition fosters inclusivity and sustainable prosperity, not speculation.

Ultimately, Oman’s growing wealth narrative is as much about structure as scale—building the mechanisms to sustain prosperity in a dynamic, post-hydrocarbon global economy.