According to Credit Oman data, the volume of transactions insured for domestic sales and exports in the industrial sector reached 264.7 million Omani riyals (USD 688 million) in 2025. This represents a 27% increase compared to 208.6 million Omani riyals (USD 542 million) recorded in the same period last year.

Within Credit Oman’s industrial sector classification, the steel industry emerged as the leading segment, with insured sales valued at 79 million Omani riyals (USD 205 million). Other segments included industries such as food processing and plastic construction equipment. Insured sales in the manufacture of refined petroleum products reached 24 million Omani riyals (USD 62 million).

Haitham bin Abdullah Al Yaqoubi, Acting CEO of Credit Oman, emphasized that the company’s core objective is to boost Oman’s non-oil exports through the insurance coverage it provides. He noted that Credit Oman’s activities extend beyond insurance services to include advisory support and assistance in identifying new buyers for local manufacturers and exporters.

Al Yaqoubi added that these services facilitate access for Omani products to global markets, highlighting Credit Oman’s key role in strengthening trust between exporters and importers and reducing risks associated with international trade.