Oman Shifts Strategy: Using Electricity and Low-Carbon Power to Drive Industrial Growth
omanobserver.omOman is moving beyond the traditional model of exporting oil and gas to build a domestic industrial economy powered by electricity. By investing in grid interconnections and hydrogen-ready power plants, the country aims to attract energy-intensive industries like data centers and green manufacturing. This strategy treats electricity as a tool for industrial policy. The success of these infrastructure projects depends on Oman's ability to attract private investment and create enough demand to utilize the new capacity, marking a pivot toward a post-oil economic foundation.
