Oman is targeting the global halal economy, with the sector predicted to expand 7% annually over the next five years. The encouraging figures are supported by rising domestic demand, increasing tourist arrivals from Islamic countries and export opportunities.
GCC Halal Combined Product And Services Market Predicted To Hit OMR 115.5 B
The global halal economy was worth OMR 880 billion (USD 2.3 trillion) in 2024 according to Global Islamic Economy Report. However, its figures project the sector will exceed OMR 1.2 trillion (USD 3.1 trillion) by 2028. Meanwhile, it estimates the GCC halal products and services market at over OMR 115.5 billion (USD 300 billion) annually.
The Sultanate recently hosted a three day specialised Oman Halal Tourism workshop in Salalah. It was attended by Oman Ministry of Commerce, Industry Investment Promotion and the Standards and Metrology Institute for Islamic Countries. Further delegates included officials from Oman`s Ministry of Heritage and Tourism and the Omran Group. The initiative aimed to strengthen the Oman halal system, develop technical capabilities and tap opportunities in expanding global Islamic economy. Further goals included raising awareness about tourism products and aligning services with regional and international standards. It noted that Oman halal sector has evolved into an economic ecosystem spanning manufacturing, agriculture, financial services, healthcare, logistics, tourism/hospitality.
Ministry Commerce Industry & Investment Responsible For Oman Halal Mark
The Oman Ministry of Commerce, Industry Investment Promotion is responsible for issuing Omani standards and approving the Oman Halal Mark. In addition, it provides measurement, calibration and conformity assessment services. Accordingly, Oman’s membership of Standards and Metrology Institute for Islamic Countries provides a framework for harmonising standards across Islamic countries.
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Soutien Group is a boutique advisory and consulting firm specialized in market entries business localization, expansion, relocation, business development and stakeholder management strategies across the Middle East, Central Asia and Africa. Our clients are corporate, private and international with an interest in exploring new markets.
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