Oman has reaffirmed its commitment to a cleaner, more resilient energy future with a goal to generate around 40 percent of the nation’s electricity from renewable sources by 2040, according to Dr. Said bin Mohammed Al Saqri, Omani Minister of Economy.
Speaking at the 29th Economic Council meeting hosted by the Omani Economic Association in Muscat, Dr. Al Saqri underscored the pivotal role that clean energy and green hydrogen will play in the country’s economic transformation. He described the sector as the “economy of the future,” integral to diversifying Oman’s energy mix and strengthening long-term competitiveness.
Oman’s strategy aligns with its broader Vision 2040, which aims to reduce reliance on fossil fuels and expand renewable energy adoption. The planned increase in solar and wind power capacity supports both national energy security and international decarbonization trends.
Dr. Al Saqri also highlighted the government’s low-carbon focus in upcoming development plans, noting that reducing carbon emissions sits at the heart of future economic planning. He said Oman’s commitment to achieving net-zero emissions by 2050 remains firm, even as the global market experiences shifts in investment patterns.
On green hydrogen, the minister pointed out that while investment activity has softened globally and within Oman, demand projections suggest renewed momentum by 2030. He referenced recent shifts in corporate strategies, including BP’s exit from one major green hydrogen venture, as part of a worldwide recalibration rather than a rejection of clean energy goals.
Despite changes in specific projects, other renewable and hydrogen initiatives remain on track, backed by Omani policy frameworks and investor interest. The government views the energy transition as a strategic economic opportunity, with clean technologies expected to drive growth, create jobs, and bolster energy sector resilience over the coming decades.
