Oman’s fisheries sector grew by 7.5% in the first three quarters of 2024, supporting the country’s economic diversification under the Tenth Five-Year Plan (2021-2025). The sector aims for 10% annual growth and a 2% contribution to national GDP.
Dr. Salim al Sheikh, spokesman for the Ministry of Economy, reported that growth reached 9.5% in the third quarter of 2024 compared to 2023. For the first nine months of 2024, the sector contributed RO 294 million to the GDP, which stood at RO 30.64 billion for the same period.
Oman has achieved self-sufficiency in fish production, meeting local demand and supporting exports. Growth is driven by projects like the fishing port and fish canning complex in Duqm and the Al Khuwaimiyah shrimp farm in South Sharqiyah.
The Tenth Five-Year Plan includes 224 development projects with RO 1.6 billion in investments aimed at sustainability, resource protection, and enhancing Oman’s environmental profile. Key initiatives include the National System for Monitoring and Control of Pollution, the Fisheries Guidance Development Programme, and the Support Programme for Fishing Boats and Equipment.
Other efforts include the Research Vessel Programme and plans to improve aquaculture and fisheries research centres in Musandam and Al Wusta governorates.
Infrastructure projects are progressing, with the Dibba Port in Musandam 80% complete. Once finished, it will be Oman’s second-largest multi-purpose port, following the Duqm fishing port. Additional port developments include Lima, Kumzar, Raysut, and Shanna, aligning with Oman Vision 2040 to optimise marine resources and expand exports.
