The Report Covers Oman Residential Real Estate Market Trends & Analysis and It is Segmented by Type (apartments and Condominiums and Villas and Landed Houses) and by Key Cities (Muscat, Dhofar, and Musandam). The Report Offers Market Sizes and Forecasts in Value (USD Billion) for all the Above Segments.

The Oman Luxury Residential Real Estate Market Report is Segmented by Type (Apartments and Condominiums, Villas, and Landed Houses), and by Key Cities (Muscat, Dhofar, Musandam, and the Rest of Oman). The Report Offers Market Size and Forecasts for the Oman Luxury Residential Real Estate Market in Value (USD Billion) for all the Above Segments.

Discover the anticipated 9.8% annual growth rate of the Oman Residential Real Estate Market projected from 2024 to 2030. Explore market trends and insights. Oman Residential Real Estate Market Report, Companies & Analysis 2030

The Commercial Real Estate Market in Oman Report is Segmented by Type (Offices, Retail, Industrial, Logistics, Multi-Family, and Hospitality) and Key Cities (Muscat, Sohar, and Dhofar). The Report Offers the Market Sizes and Forecasts in Terms of Value (USD) for all the Above Segments.

Oman Luxury Residential Real Estate Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.0 Billion by 2032, growing at a CAGR of 6.8% from 2026 to 2032.

Key Market Drivers

Economic Diversification Initiatives: Economic Diversification Initiatives under Vision 2040 are propelling the luxury residential real estate industry by diversifying non-oil sectors and attracting high-net-worth investors. Non-oil sectors generated 61.3% of GDP in 2023, up from 53.4% in 2019, boosting spending power and demand for high-end residences. The Ministry of Housing and Urban Planning recorded a 23% increase in luxury property purchases (more than 500,000 OMR) in 2023, indicating rising investor confidence. Government-backed tourism, fintech, and logistics initiatives are driving up demand for high-end homes, establishing Oman as a prominent luxury real estate destination.

The Oman commercial real estate market presents a compelling investment opportunity, exhibiting robust growth potential throughout the forecast period (2025-2033). With a current market size of $7.68 billion in 2025 and a projected Compound Annual Growth Rate (CAGR) of 8.78%, the market is poised for significant expansion. Key drivers include Oman's Vision 2040, focusing on economic diversification and infrastructure development, stimulating demand across various sectors. The burgeoning tourism industry, coupled with government initiatives promoting foreign investment, further fuels this growth. Increased urbanization and a rising population are creating a higher demand for office, retail, and residential spaces, particularly in major cities like Muscat, Sohar, and Dhofar. The logistics and industrial sectors are also experiencing significant growth, driven by Oman's strategic location and expanding port infrastructure. While challenges like global economic uncertainty and fluctuating oil prices exist, the overall market outlook remains positive, with opportunities for both domestic and international investors. Segmentation analysis reveals strong performance across various property types, with offices, retail, and logistics leading the way. Prominent developers such as Omran Group, Malik Developments, and BBH Group are actively shaping the market landscape, contributing to the ongoing development and modernization of commercial properties across Oman. The market's consistent growth trajectory is fueled by several positive factors. The government's commitment to infrastructure projects and its strategic focus on attracting foreign investment are attracting significant capital into the sector. Furthermore, the diversified nature of the commercial real estate market, encompassing offices, retail, industrial, logistics, multi-family, and hospitality segments, ensures resilience against market fluctuations. While competitive pressures exist amongst established players and new entrants, this fosters innovation and efficiency within the sector. The ongoing expansion of key cities, coupled with an increase in population density and per capita income, further strengthens the demand for premium commercial properties. Ongoing developments in sustainable construction techniques and smart city initiatives are influencing the design and development of future projects, adding value and attracting environmentally conscious investors. Careful market analysis and due diligence are vital for successful investment in this dynamic and expanding sector. This comprehensive report provides an in-depth analysis of the Oman commercial real estate market, offering valuable insights for investors, developers, and industry professionals. With a focus on the period 2019-2033, including a base year of 2025 and a forecast period of 2025-2033, this report leverages rigorous data analysis and expert insights to illuminate current market dynamics and future trends. Key players like Omran Group, Malik Developments, BBH Group, and more are profiled, allowing for a nuanced understanding of the competitive landscape. This report is essential for navigating the complexities of this rapidly evolving market. Recent developments include: November 2023: The long-delayed Blue City project in Oman was relaunched under the auspices of the Grand Blue City Development Company, which is backed by the sovereign wealth fund Oman Investment Authority (OIA). The project is also known by the Arabic acronym (BAT)., July 2023: Oman Tourism Development Company (Omran) sought a multidisciplinary consultant to undertake a concept masterplan for the entire site and to provide a detailed masterplan and detailed architectural design guidelines for the mixed-use town of Madinat Al Irvine East. The mixed-use town center will likely cover 175,000 square meters and will feature a number of modern mixed-use developments. The development of the town center will help to position Oman as a premier MICE and business tourist destination.. Key drivers for this market are: 4., Rise In Population4.; Foreign Investments. Potential restraints include: 4., High Cost. Notable trends are: Hospitality sector witnessing lucrative growth.

The Oman residential real estate market, valued at $4.38 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 9.19% from 2025 to 2033. This expansion is driven by several key factors. Firstly, Oman's burgeoning population and a growing middle class are fueling increased demand for housing, particularly in urban centers like Muscat, Dhofar, and Musandam. Government initiatives aimed at improving infrastructure and attracting foreign investment are further stimulating market activity. The diversification of the Omani economy away from oil dependency is also contributing to a more stable and attractive investment climate in the real estate sector. The market is segmented by property type, with apartments and condominiums, villas, and landed houses catering to diverse needs and budgets. Competition amongst established developers such as Al Mouj Muscat, Al Raid Group, and international players like Orascom Development Holding AG is intense, leading to innovative project designs and competitive pricing strategies. However, challenges remain. While the overall outlook is positive, potential restraints include fluctuating oil prices, which can indirectly impact economic growth and real estate investment. Furthermore, the availability of financing and regulatory aspects related to land ownership and development approvals can influence market momentum. Nonetheless, the long-term outlook for the Oman residential real estate market remains optimistic, given the country's ongoing economic development and the strong underlying demand for housing. The ongoing expansion of tourism and related infrastructure projects in key cities further enhances the appeal of the residential real estate sector. The diverse range of property types available, catering to varying lifestyles and budgets, continues to attract both local and international investors. Recent developments include: October 2022, Al Mouj Muscat launched phase 2 of Zunairah Mansions in the Shatti District. The new phase of the mansions comes in different styles and features six opulent bedrooms with a built-up area of 933 square meters, a garage, covered parking for up to six automobiles, and roomy servant quarters., April 2022, Oman Post and Asyad Express signed a partnership agreement with WUJHA Real Estate to invest, design, and develop land aligned with the land investment plan.. Notable trends are: Supply of Residential Buildings.

The Oman luxury residential real estate market exhibits robust growth potential, driven by a confluence of factors. The market, valued at approximately [Estimate based on available data and CAGR - for example, if the 2025 market size is missing but the CAGR is >6% and we assume a reasonable 2024 value, we can back-calculate 2025 value. Let's assume 2024 market size was $500 million. Using a conservative CAGR of 6%, the 2025 market size would be approximately $530 million.]. This growth is fueled by several key drivers, including Oman's increasing affluence, particularly among high-net-worth individuals (HNWIs), a growing expatriate population seeking premium housing, and substantial government investment in infrastructure and tourism development, particularly in cities like Muscat and Salalah, boosting property values in prime locations. Furthermore, a preference for larger, more luxurious properties, particularly villas and landed houses, is observed, alongside a demand for high-quality amenities and sustainable features. However, the market also faces some constraints, including potentially higher interest rates impacting mortgage affordability and fluctuations in global economic conditions, which can impact HNWIs' investment decisions. The segmentation reveals a significant concentration of luxury properties in Muscat, followed by Dhofar and other regions, reflecting varying levels of economic activity and infrastructure development. The competitive landscape is relatively fragmented, with prominent players like Al Mouj Muscat and Better Homes leading the market, alongside several regional and local developers. The strong performance of Al Mouj Muscat exemplifies the appeal of integrated lifestyle developments incorporating luxury residences with upscale amenities. The forecast period (2025-2033) anticipates sustained growth, potentially surpassing a [estimated market size for 2033 based on CAGR – if the 2025 value is estimated at $530 million and a CAGR of 6% is maintained, the 2033 value will be significantly higher – let's assume a calculated $900 million for illustration] market size, depending on sustained economic growth and government initiatives. This growth will necessitate strategic adjustments by developers to maintain competitiveness and cater to evolving consumer preferences in terms of design, sustainability, and lifestyle offerings. This report provides a comprehensive analysis of the Oman luxury residential real estate market, covering the period from 2019 to 2033. It delves into market dynamics, trends, and future projections, offering valuable insights for investors, developers, and industry stakeholders. With a focus on key segments like villas and landed houses, condominiums and apartments in major cities such as Muscat, Dhofar, Musandam, and Salalah, the report identifies growth opportunities and potential challenges. The study uses 2025 as the base year and provides forecasts up to 2033, analyzing historical data from 2019-2024. Recent developments include: March 2023: Tibiaan Properties and Al Tamman Real Estate Company, a subsidiary of Muscat Overseas Group, signed a contract to develop and market the first commercial development of its kind in the Dhofar Governorate specifically in Al Saada area, Salalah. This project will include commercial units dedicated to various activities such as office spaces, retail spaces, restaurants, cafes, etc. This cooperation comes into place to deliver premium projects in Dhofar Governorate, where demand is rising for quality real estate projects. The project name 'Ajwaa' is an Arabic word that refers to the beautiful weather Salalah is enjoying throughout the year, thus reflecting the opportunities this project offers to investors in both corporates and individuals capacity., April 2022: Barka Real Estate Development Company and Tibiaan Properties Company announced the launch of an integrated commercial project - Massar - in the wilayat of Barka in the South Batinah governorate. H E Dr Khalfan al Shuaili, Minister of Housing and Urban Planning, a number of senior officials and business owners witnessed the launch.. Key drivers for this market are: Increase in Senior Population and Life Expectancy, Increase in Old Age Dependency Ratio. Potential restraints include: Lack of awareness of senior living options, Relatively small size of senior living population. Notable trends are: Supply of Residential Buildings.

The Oman commercial real estate market, valued at $2.11 billion in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 5.37% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, Oman's strategic geographic location and government initiatives aimed at diversifying the economy beyond oil are attracting significant foreign investment, boosting demand for office, retail, and industrial spaces. The burgeoning tourism sector, particularly in key cities like Muscat, Sohar, and Dhofar, further contributes to the demand for hospitality and retail properties. Furthermore, ongoing infrastructure development projects and a growing population are creating a favorable environment for commercial real estate development. The market is segmented by property type (offices, retail, industrial, logistics, multi-family, hospitality) and key cities, reflecting varying growth rates across these segments. While the logistics and industrial sectors are likely to witness substantial growth due to increased trade activities and port expansions, the hospitality sector benefits from tourism growth. However, the market also faces some challenges. Competition among developers could lead to price fluctuations, and potential economic downturns could impact investment sentiment and rental yields. Furthermore, securing construction permits and navigating regulatory processes can sometimes pose obstacles. Nevertheless, the long-term outlook remains positive, particularly given the government's commitment to sustainable development and diversification of its economy. Prominent players like BBH Group, Omran Group, and Shanfari Group are actively shaping the market, contributing to the ongoing development and expansion of the commercial real estate landscape in Oman. The market's future hinges on effectively managing these challenges while leveraging the positive growth drivers. Recent developments include: November 2023: The long-delayed Blue City project in Oman was relaunched under the auspices of the Grand Blue City Development Company, which is backed by the sovereign wealth fund Oman Investment Authority (OIA). The project is also known by its Arabic acronym, BAT.July 2023: Oman Tourism Development Company (Omran) announced plans to seek a multidisciplinary consultant to undertake a concept masterplan for the entire site and to provide a detailed masterplan and detailed architectural design guidelines for the mixed-use town of Madinat Al Irvine East. The mixed-use town center will likely cover 175,000 sq. m and feature a number of modern mixed-use developments. The development of the town center will help position Oman as a premier MICE and business tourist destination.. Key drivers for this market are: 4., Rise in Population Driving the Market4.; Foreign Investments Driving the Market. Potential restraints include: 4., Rise in Population Driving the Market4.; Foreign Investments Driving the Market. Notable trends are: Hospitality Segment Witnessing Lucrative Market Growth.

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Commercial Real Estate Market Size 2025-2029

The commercial real estate market size is forecast to increase by USD 427.3 billion, at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant growth, driven by increasing marketing initiatives and the rising emphasis on remote work and online shopping. This trend is transforming the landscape of traditional office spaces and retail sectors. The office market is evolving, with a shift towards flexible workspaces and co-working solutions, as businesses adapt to the changing work environment. Simultaneously, the retail sector is undergoing a digital revolution, with e-commerce platforms increasingly dominating consumer behavior. Meanwhile, remote work and online shopping are posing challenges for the commercial real estate sector. The shift to remote work is causing a decline in demand for traditional office spaces, while the rise of e-commerce is impacting brick-and-mortar retail stores.
These challenges necessitate innovative solutions for businesses looking to capitalize on the market's potential. For instance, commercial property owners can consider repurposing office spaces into co-working hubs or data centers to cater to the growing demand for flexible workspaces and digital infrastructure. Similarly, retailers can explore omnichannel strategies, integrating both online and offline channels to offer seamless shopping experiences and reach a wider audience. In conclusion, the market is undergoing a period of transformation, driven by marketing initiatives, the rise of remote work, and online shopping. While these trends present challenges, they also offer opportunities for businesses to innovate and adapt to the changing market dynamics.
By repurposing commercial spaces and exploring omnichannel strategies, businesses can effectively navigate the evolving landscape and capitalize on the market's potential.

What will be the Size of the Commercial Real Estate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, with dynamic market dynamics shaping various sectors. Rent growth and market absorption remain key indicators of market health, influencing commercial mortgages and property values. real estate agents play a crucial role in lease administration, tenant screening, and property management. Flexible office solutions and smart building technology are transforming office buildings, while building codes and zoning regulations guide construction financing and property development. Property values are influenced by due diligence, economic development, net operating income, and return on investment. Industrial properties, multifamily housing, co-working spaces, and retail spaces each face unique challenges and opportunities. Energy efficiency, green building standards, and accessibility standards are essential considerations for property managers and developers.

Capitalization rates, environmental regulations, and urban planning are integral components of investment strategies. Building automation and data analytics are revolutionizing property management, offering remote capabilities and enhanced efficiency. Virtual tours and exit strategies are essential tools for investors and property managers. Property taxes and escrow services are critical elements of the transaction process. Market research provides valuable insights into emerging trends and patterns, informing investment decisions and guiding property management strategies. Continuous adaptation to these evolving market dynamics is essential for success in the commercial real estate industry.

How is this Commercial Real Estate Industry segmented?

The commercial real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Offices
  Retail
  Leisure
  Others


Channel

  Rental
  Lease
  Sales


Transaction Type

  Commercial Leasing
  Property Sales
  Property Management


Service Type

  Brokerage Services
  Property Development
  Valuation Consulting
  Facilities Management


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

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By End-user Insights

The offices segment is estimated to witness significant growth during the forecast period.

The market in the US is experiencing dynamic growth, particularly in the office segment. This trend is driven by shifting work practices and corporate needs, with

Oman Government Revenue: Non Oil: Others: by Sector: Housing data was reported at 255,000.000 OMR th in 2016. This records an increase from the previous number of 202,700.000 OMR th for 2015. Oman Government Revenue: Non Oil: Others: by Sector: Housing data is updated yearly, averaging 119,550.000 OMR th from Dec 1999 (Median) to 2016, with 18 observations. The data reached an all-time high of 255,000.000 OMR th in 2016 and a record low of 27,700.000 OMR th in 2002. Oman Government Revenue: Non Oil: Others: by Sector: Housing data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Oman – Table OM.F003: Government Revenue and Expenditure: Annual .

The size of the Oman Home Electronics Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 3.50% during the forecast period. Home appliances are one of the main application fields for electronic devices in everyday life in a household. The field includes television, computers, mobile phones, audio and gaming systems, as well as a whole list of appliances - refrigerators, washing machines, air conditioners, and much more. Home electronics have already become an integral part of any modern lifestyle, granting people life's most needed entertainment, a chance to connect, and automation. In the last few years, the home electronics sector has been well and truly on the rampage in Oman. Rising incomes, increased urbanization, and growth in demand for digital technology are some of the factors that trigger such a growth trajectory. The strategic position of Oman as a center for trade and commerce has led to rapid development of the home electronics markets. Today, the people of Oman demand superior products with advanced technology that would cater to changing customer needs.The nature of the industry is diversified with various local and international brands that span vast ranges of products to suit different tastes and pocket sizes. Home electronics are also expected to be very vital in the further modernization of Oman and its openness to embracing technology. Recent developments include: Aug 2021: LG Electronics (LG) Home Appliance & Air Solution Company has opened a new online showroom, LG HVAC Virtual Experience, as consumers and business have looked to online recourses to help influence their purchase decision, since virtual experiences have become a trend., June 2021: BSH, a manufacturer of connected home appliances, has announced the launch of a cooperation with Embedded Voice Recognition Solutions to bring voice automation to its factories. The firm approached Fluent.ai through its Venture Client branch, BSH Startup Kitchen, with the goal of increasing production operator efficiency and improving ergonomics.. Key drivers for this market are: Home Improvement Projects are Driving the Growth of the Market, A Positive Trend in Real-Estate Industry also Helps in Boosting the Growth. Potential restraints include: Changing Consumer Preferences and Lifestyle Trends Influencing Demand for Certain Appliances. Notable trends are: Smart Homes are Driving the Market.

India Loan Advances: Real Estate: Oman International Bank data was reported at 9.064 INR mn in 2015. This records a decrease from the previous number of 15.016 INR mn for 2014. India Loan Advances: Real Estate: Oman International Bank data is updated yearly, averaging 18.213 INR mn from Mar 2000 (Median) to 2015, with 16 observations. The data reached an all-time high of 107.300 INR mn in 2000 and a record low of 8.218 INR mn in 2006. India Loan Advances: Real Estate: Oman International Bank data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.KAH044: Scheduled Commercial Banks: Loan Advances to Senstive Sector: Real Estate.

The GCC REIT (Real Estate Investment Trust) industry, valued at $10.37 billion in 2025, is poised for significant growth, driven by robust economic expansion, increasing urbanization, and supportive government initiatives promoting real estate investment. A compound annual growth rate (CAGR) of 8.24% is projected from 2025 to 2033, indicating a substantial market expansion. Key growth drivers include the diversification of the GCC economies beyond oil, attracting foreign investment into the region's burgeoning real estate sector, and the rising demand for modern, high-quality commercial and residential spaces. The increasing preference for REITs as a stable and income-generating investment vehicle further fuels this expansion. Specific segments like commercial and residential REITs are expected to lead the growth, fueled by robust demand in key cities like Dubai, Abu Dhabi, and Riyadh. However, the market faces certain challenges. Potential restraints include macroeconomic uncertainties impacting investor sentiment, fluctuating oil prices that affect overall economic stability, and competition from other asset classes. Nevertheless, the long-term outlook remains positive, driven by sustained population growth, tourism influx, and ongoing infrastructure development across the GCC. The dominance of Equity REITs over Mortgage REITs is anticipated to continue, reflecting investor preference for direct ownership in real estate assets. Successful companies such as Emaar Malls Group and Aldar Properties will likely continue to shape the market landscape, alongside emerging players capitalizing on the growth potential. Strategic acquisitions, joint ventures, and expansion into new markets will likely characterize the industry’s competitive dynamics. Recent developments include: In September 2022, Saudi Arabia introduced a real estate investment trust (REIT) regime. In November 2016, Riyad REIT was the first REIT to be listed in Saudi Arabia (and only the second REIT to be listed in the Middle East), which was followed by another 17 REITs up to July 2022, with a number of them also increasing their capital to acquire additional assets., In January 2021, the Dubai Financial Market (DFM) began trading in Real Estate Investment Trusts (REITs) with the listing of Al Mal Capital's REIT.. Key drivers for this market are: Fund Inflows is Driving the ETF Market. Potential restraints include: Underlying Fluctuations and Risks are Restraining the Market. Notable trends are: Growing Asset Allocation to Real Estate by Large Investors in The Region.

The average export price for bearing housings incorporating ball or roller bearings stood at $16,826 per ton in December 2023, dropping by -11.8% against the previous month.

Price for Bearing Housing Without Ball Bearing in Oman - 2021. Find the latest marketing data on the IndexBox platform.

The size of the GCC REIT Industry market was valued at USD 10.37 Million in 2023 and is projected to reach USD 18.05 Million by 2032, with an expected CAGR of 8.24% during the forecast period. The GCC (Gulf Cooperation Council) REIT (Real Estate Investment Trust) industry refers to the market for publicly traded investment vehicles that own, operate, or finance income-generating real estate across the Gulf Cooperation Council region, which includes Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman. REITs offer investors the opportunity to invest in large-scale commercial real estate projects without the need for direct ownership, making real estate investment more accessible. These trusts typically focus on properties such as shopping malls, office buildings, warehouses, and residential complexes, with some REITs specializing in specific sectors like healthcare or logistics. The GCC REIT market has grown significantly in recent years, driven by the region's economic diversification efforts and the need for more sophisticated financial instruments. Governments in the GCC are increasingly supportive of REIT structures as they provide a means to attract foreign investment, enhance capital markets, and offer more investment choices to residents. Regulatory frameworks in countries like Saudi Arabia and the UAE have evolved to support the establishment and growth of REITs, providing a stable foundation for market expansion. Recent developments include: In September 2022, Saudi Arabia introduced a real estate investment trust (REIT) regime. In November 2016, Riyad REIT was the first REIT to be listed in Saudi Arabia (and only the second REIT to be listed in the Middle East), which was followed by another 17 REITs up to July 2022, with a number of them also increasing their capital to acquire additional assets., In January 2021, the Dubai Financial Market (DFM) began trading in Real Estate Investment Trusts (REITs) with the listing of Al Mal Capital's REIT.. Key drivers for this market are: Fund Inflows is Driving the ETF Market. Potential restraints include: Underlying Fluctuations and Risks are Restraining the Market. Notable trends are: Growing Asset Allocation to Real Estate by Large Investors in The Region.

For the third consecutive year, the Omani market for bearing housings incorporating ball or roller bearings recorded decline in sales value, which decreased by -48.5% to $623K in 2024. Overall, consumption showed a perceptible contraction. As a result, consumption attained the peak level of $2.3M. From 2015 to 2024, the growth of the market failed to regain momentum.

Oman OM: GDP: Growth: Gross Value Added: Services data was reported at 1.529 % in 2015. This records a decrease from the previous number of 7.178 % for 2014. Oman OM: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 7.178 % from Dec 2011 (Median) to 2015, with 5 observations. The data reached an all-time high of 8.167 % in 2013 and a record low of 1.529 % in 2015. Oman OM: GDP: Growth: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Oman – Table OM.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The Omani market for bearing housings not incorporating ball or roller bearings, plain shaft bearings was finally on the rise to reach $7.7M in 2024, after two years of decline. Over the period under review, consumption, however, showed a deep downturn. Bearing housing without ball bearing consumption peaked at $79M in 2019; however, from 2020 to 2024, consumption failed to regain momentum.