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Interview: Khamis bin Saif Al Jabri How do you evaluate Oman’s efforts to diversify its economy and strengthen its entrepreneurship ecosystem in the context of Oman Vision 2040? KHAMIS BIN SAIF AL JABRI: The sultanate’s long-term development plan sets ambitious goals for diversification. While there has been an increase in non-oil activities, public revenue and merchandise exports, the pace of…
Interview: Sultan Al Wahaibi Where has the growing demand for digital infrastructure contributed to economic diversification? SULTAN AL WAHAIBI: High-speed broadband connectivity has become a key enabler for multiple sectors, including logistics, tourism, health care and education. Reliable digital infrastructure supports the expansion of digital businesses, facilitates e-commerce, and boosts the…
Interview: Hussain Al Lawati How do banks, commercial lenders and government stakeholders enhance financial inclusion for underserved segments? HUSSAIN AL LAWATI: Oman has made significant headway in advancing financial inclusion. Notable milestones have been achieved through the effective use of technology, strong collaboration among policy banks, government entities and commercial banks, leveraging…
Interview: Ali bin Masoud Al Sunaidy What are the priorities for industrial development, and how are they reflected in economic zones? ALI BIN MASOUD AL SUNAIDY: OPAZ policies are aligned with Oman’s industrial strategy, which focuses on sectoral clustering – grouping complementary industries in dedicated zones to deepen value chains and boost economic resilience. This approach builds on existing…
Interview: Faisal Al Farsi What is the current state of the insurance and social protection sector following recent restructuring? FAISAL AL FARSI: Oman’s insurance and social protection sector has undergone a significant realignment to improve efficiency and accessibility. The industry was fragmented, leading to inefficiencies and a lack of cohesive coverage. The July 2023 merger shifted the focus…
Interview: Qais Al Yousef What are the priorities for enhancing Oman’s integration into the evolving global trade landscape? QAIS AL YOUSEF: The focus areas include economic diversification, investment in infrastructure, improving the business environment, promoting investment, developing human capital, creating jobs, enhancing trade, increasing in-country value and digital transformation. These…
Interview: Abdulsalam Al Murshidi What drivers have helped boost Oman’s investment appeal within the region and beyond? ABDULSALAM AL MURSHIDI: Oman’s investment attractiveness has improved in recent years, driven by strategic initiatives under Oman Vision 2040, which aim to diversify the economy beyond oil and gas. Sectors such as logistics, manufacturing, mining, renewable energy and tourism…
Trade between the Association of South-east Asian Nations (ASEAN) and the GCC has grown in recent years, as economies in both regions seek to capitalise on mutually beneficial opportunities, and diversify their trade and investment partners. Indeed, trade between the GCC and Asian countries classified as emerging and developing by the IMF increased 35% from $383bn in 2021 to $516bn in 2022, according…
