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Interview

Qais Al Yousef, Minister of Commerce, Industry and Investment Promotion: Interview
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Interview: Qais Al Yousef Which measures have been taken to create a pro-enterprise environment? QAIS AL YOUSEF: Highlighting the sultanate’s progress in efforts to expand opportunities in the business environment and attract foreign direct investment (FDI), Oman was named fourth in the FDI Standouts Watchlist 2023, a study that assesses the world’s top-50 investment destinations. The National…
Interview

Faisal bin Abdullah Al Rawas, Chairman, Chamber of Commerce and Industry: Interview
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Interview: Faisal bin Abdullah Al Rawas How do you assess Oman’s efforts to enhance its competitiveness on a global scale? FAISAL BIN ABDULLAH AL RAWAS: The government has adopted several policies to ease the intensity of economic fluctuations, such as the restructuring of public finances at the expenditure and revenue level through a value-added tax, and the reduction of subsidies. In addition to…
Interview

Khamis bin Saif Al Jabri, Chairman, Oman Vision 2040 Implementation and Follow-up Unit: Interview
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Interview: Khamis bin Saif Al Jabri How are economic diversification initiatives working to underpin the growth of strategic sectors? KHAMIS BIN SAIF AL JABRI: The national programme for economic diversification, Tanwea’a, is a continuation of the previous government’s National Programme for Enhancing Economic Diversification, or Tanfeedh, launched in 2016. Formed as part of the ninth five-year…
Viewpoint

Sultan Haitham bin Tarik Al Said: Viewpoint
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Viewpoint: Sultan Haitham bin Tarik Al Said Our country is on a march of development into the future, guided by our past. We will utilise all means available to safeguard our gains and accomplishments, and to establish a prosperous future for our young generation in all parts of the country. Guided by Oman Vision 2040, we have implemented social and economic plans and programmes. We have seen gains…
Chapter

The Report: Oman 2023: The Guide
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The Guide contains a selection of hotel and accommodation options throughout Oman for both business and leisure travellers. Helpful information is provided on visa regulations, safety and health considerations, business etiquette, and public and private transport options.…
Chapter

The Report: Oman 2023: Education & Health
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Education, health and other social services are central to Oman Vision 2040, the country’s long-term development framework that aims to create a knowledge-driven, diversified and competitive economy. Indeed, the authorities are working to shift a portion of the local workforce to the private sector, as well as enhance the role of private entities in the provision of both heath care and insurance…
Chapter

The Report: Oman 2023: Tourism
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The tourism sector has long been the focus of Oman’s efforts to diversify the economy away from a reliance on hydrocarbons. After slow but steady growth throughout the 2010s, the tourism sector’s contribution to GDP reached a high of 2.9% in 2019. However, restrictions imposed due to the Covid-19 pandemic weighed on the sector’s performance for much of 2020. As part of its long-term economic…
Chapter

The Report: Oman 2023: Agriculture & Fisheries
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With 3200 km of coastline and swathes of cultivated land, agriculture and fisheries are key economic activities across the sultanate, providing employment opportunities, and supporting the country’s economic diversification and food security efforts. These were vital industries prior to the discovery of hydrocarbons, particularly for coastal communities. The climate allows for year-round fishing,…
Chapter

The Report: Oman 2023: Transport
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Oman’s geographical location and cordial regional diplomatic relations offer multiple strategic opportunities that, if skillfully harnessed by the government, could see the sultanate become a regional and global transportation and logistics centre. Indeed, strengthening transport capacities and capabilities is central to Oman Vision 2040, the government’s overarching socioeconomic development plan.…
Chapter

The Report: Oman 2023: Mining
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With mineral mining a major focal point of the government’s plans to diversify Oman’s economy, the sector has seen revitalised interest in recent years from both domestic and foreign investors. The newly adopted strategy to develop the sector through comprehensive, large-scale concession agreements is opening up more territory and streamlining the business side. New geological surveys are being…