With Oman Vision 2040 guiding long-term economic transformation, strategic investment is playing a key role in reducing reliance on oil revenue and fostering sustainable growth. Robust governance frameworks and collaborative partnerships are enhancing the sultanate’s competitiveness in regional and global markets. This report examines Oman’s efforts to diversify its economy through…
Interview: Talal Al Mamari What are the most significant challenges and opportunities for the ICT sector? TALAL AL MAMARI: The ICT sector faces several challenges, including the need to bridge the digital divide by ensuring equitable access to ICT infrastructure and services. To address the disparity in access between urban and rural areas, the government has initiated projects like the National…
Interview: Maqbool Al Wahaibi How would you assess Oman’s ICT ecosystem? MAQBOOL AL WAHAIBI: Connectivity, public awareness and workforce competencies form the backbone of the ICT sector in Oman. The country has made significant strides in connectivity, with internet penetration exceeding 90%, ensuring nationwide coverage. However, there is still room for improvement when it comes to awareness…
Interview: Bassam Al Ibrahim How do you see the sector contributing to economic diversification and digital transformation goals? BASSAM AL IBRAHIM: The ICT sector is at the heart of Oman Vision 2040, enabling the shift towards a knowledge-based economy and supporting economic diversification. Through strategic investment in telecommunications, data centres and 5G infrastructure, Oman is creating…
Interview: Bader Al Zidi How can telecommunications companies develop robust digital infrastructure to meet growing demand for remote connectivity and cloud services? BADER AL ZIDI: I see two essential approaches to developing robust digital infrastructure in Oman. First, the government’s role in providing open passive infrastructure, such as fibre, towers and data centres, has been pivotal. This…
With global spending on AI projected to reach $632bn by 2028, expanding at a compound annual growth rate of 29% between 2024 and 2028, Oman has launched its National Programme for AI and Advanced Digital Technologies. Unveiled in September 2024 as part of Oman Vision 2040, this initiative will play a key role in the country’s digital transformation and economic diversification strategy. Building…
Oman’s strategic emphasis on ICT and telecommunications underpins its vision of becoming a digital-first economy. This focus is transforming the sultanate’s financial landscape while positioning it as a leader in regional and global digital transformation. As of September 2024, 98% of households in Oman had internet access, solidifying its status as a centre for connectivity, innovation and cybersecurity.…
Oman is actively advancing its ICT and telecommunications sectors as part of its broader goal to become a digital-first economy. This transformation is reshaping the country’s financial landscape and positioning it as a hub for innovation and digital development in the region. Significant investments are being made to improve digital infrastructure, expand internet access, and enhance cybersecurity…
Oman is actively diversifying its economy as part of its Oman Vision 2040 strategy, reducing its reliance on hydrocarbons by expanding sectors like agriculture, fisheries, manufacturing, and banking. The government’s focus on sustainable development is driving growth, particularly through strategic reforms, infrastructure projects and investment in renewable energy...
Oman is embarking on a transformative journey under Vision 2040, combining innovation and sustainability to redefine its economic landscape. This report showcases the sultanate’s wide-ranging efforts to position itself as a global leader in green hydrogen, renewable energy and digital transformation while capitalising on its strategic location as a logistics hub. Sectors such as tourism,…
