Executive Summary The proposed shoe manufacturing factory in Oman presents an opportunity to capitalize on the country's favorable macroeconomic conditions and the growing global footwear market. With Oman's projected GDP increase of 3.4% from 2021 to 2026 and a sizable labor force of 2.75 million in 2021, coupled with the substantial merchandise exports of USD 30.5 billion in 2020, the economic landscape offers a promising environment for investment. Furthermore, the global footwear market, projected to reach USD 413 billion in revenue by 2024, presents a lucrative opportunity for growth and expansion. Market Potential In terms of market potential, Oman itself boasts a market value of USD 200 million in 2024, while the wider MENA region presents an estimated market value of USD 20 billion in the same year. With a projected population of 6.4 million in Oman by 2040, the demand for footwear is expected to increase significantly, providing a long-term growth trajectory fo...
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