Oman is undertaking projects to expand its road network with investments exceeding US $3.1bn. These projects are aimed at enhancing national connectivity, as reported by the Oman Observer newspaper, citing transport minister Said bin Hamoud Al Maawali.
The highway sector is currently experiencing several high-quality developments, including constructing new roads, upgrading and repairing existing roads, and performing routine maintenance. Strategic projects under the 11th 5-year plan for highways aim to alleviate congestion by expanding the Muscat Expressway, the report said.
Additionally, a dual-carriageway project for the Ibra Road (Al-Yahmedi-Al-Qafisi), located southeast of Muscat, is currently under construction. This project has a cost of $1.38bn. Oman’s state budget for 2026 has allocated $2.34bn for road development.
The Gulf nation intends to raise $2.21bn this year through the issuance of bonds and sukuk to address the financial shortfall in its 2026 fiscal budget. This budget forecasts a deficit of $1.38bn, which is 14.5% lower compared to the 2025 budget.
