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 |
Home Vision 2040 Priorities — All 12 Priorities Priority: Environment and Natural Resources
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Priority: Environment and Natural Resources

Oman Vision 2040's environment priority targets carbon neutrality by 2050, renewable energy leadership, green hydrogen exports, and preservation of Oman's unique natural ecosystems.

Strategic Direction

A Sustainable Natural Environment that Supports Green Economy Growth

Strategic Direction

A Sustainable Natural Environment that Supports Green Economy Growth.

The environment priority contains Vision 2040’s most globally significant commitment: carbon neutrality by 2050. This aligns Oman with the Paris Agreement temperature pathways while also reflecting the existential vulnerability of a predominantly desert state with acute water scarcity and rising temperatures.

Performance Indicators

IndicatorBaseline2040 Target
Environmental Performance Index~49.2 (2018)>74.69 / Top 20
Renewable Energy Capacity0.3 GW (2020)10 GW

Carbon Neutrality 2050

Oman’s net-zero by 2050 commitment is one of the Gulf’s most ambitious decarbonisation pledges. The Oman Net Zero Centre, established in 2021, serves as the coordination hub for this transition.

The roadmap requires:

  • Electricity generation: Transition from natural gas (currently ~80% of generation) to renewables
  • Industry: Decarbonisation of aluminium, chemicals, and downstream oil and gas
  • Green hydrogen: Creating a new green export economy to replace fossil fuel revenues
  • Carbon capture: For residual emissions from oil and gas production

Renewable Energy: Significant Gap

Installed renewable energy capacity of approximately 1.2 GW (2024) compares against the 2030 target of 6.5 GW — requiring approximately 5-6x acceleration in six years. This is a significant gap that requires urgent policy response and accelerated IPP procurement.

Manah 1 and 2: The operational Manah solar plants represent meaningful but insufficient progress. The government’s programme of additional utility-scale solar and wind projects must accelerate substantially.

Green Hydrogen: Strategic Opportunity

Oman’s renewable energy resources — solar irradiation averaging 2,200 kWh/m²/year, coastal wind, vast land availability — create genuine competitive advantages in green hydrogen and ammonia production.

The investment pipeline exceeds $30 billion, anchored by:

  • ACME Group: 2.5 million tonnes per annum green ammonia, Duqm
  • Hyport Duqm (OQ + ENGIE): Export-scale green ammonia
  • Multiple additional projects at various stages

Two new green hydrogen agreements were signed in 2024/2025, reflecting continued international interest in Oman’s green hydrogen potential.

Commercial risk: Green hydrogen economics remain challenging. The levelised cost of green hydrogen exceeds that of fossil-fuel alternatives, and the global market is nascent. Oman’s early positioning is strategically correct, but commercial viability at scale requires continued cost reduction in electrolysis and renewable energy.

Water Security

Oman is among the most water-scarce countries globally. Per capita renewable freshwater availability is critically low. Agriculture consumes the majority of freshwater. Climate change is reducing rainfall and increasing evaporation.

Vision 2040 addresses this through: desalination expansion, treated wastewater reuse (Oman is a regional leader), agricultural water efficiency, and managed aquifer recharge. Water security is not separated from energy security — desalination is energy-intensive.

Key Institutions

Ministry of Energy and Minerals, Environment Authority, Oman Net Zero Centre, Oman Power and Water Procurement Company (OPWP), OQ Alternative Energy.

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Access Lens 3 investment analysis for this priority, including FDI deal flow data and institutional positioning.

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