The country is limited by its market size. Oman’s pharmaceutical sector is expected to grow moderately from $76m in 2024 to $90m by 2029, at a compound annual growth rate of 3.6%, according to BMI.

H E Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, emphasised the importance of leveraging the country’s ... food security and pharmaceuticals, which now account ...

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But at the same time, industry leaders are bracing for the ... for countries not outlined in his table of tariffs by country, with pharma also being excluded,” UBS wrote in a note to investors.