Economy and Development

Priorities related to Economy and Development

Objectives

To identify, every 5 years, sectors that drive economic diversification and other complementary sectors

A regulatory environment and governing legislations that are renewed, flexible, up to date and ensuring equal opportunities

A competitive, diversified and integrated economy based on foresight, innovation and entrepreneurship

Advanced base and IT infrastructure that empowers all sectors, and is capable of keeping pace with the latest developments and cyber security challenges

Informed, integrated and sustainable fiscal, monetary and economic policies, and budgets that ensure effective use of public revenues

A research and development ecosystem spanning the various sectors and institutions

Objectives

A reference entity empowered to achieve the objectives of economic development, social justice, and environmental protection

Senior management with continually renewed capabilities to keep up with market dynamics, forecasts and fast-paced developments

Effective economic leadership with binding powers and a clear mandate to swiftly respond to development needs on the basis of well-defined performance indicators

A solid and effective economic legislative framework that keeps abreast with contemporary developments

Objectives

A labour market with a skilled and productive workforce and a positive work culture

A system of employment, qualification, promotion and incentives based on efficiency and productivity that nurture initiative and innovation

A labour market that attracts talents and skilled labour through clear and standardised recruitment policies

Laws and regulations to regulate the labour market based on professional standards and a stimulating and dynamic work environment

Objectives

A competitive business environment that attracts investments, where the government plays a regulatory role coupled with successful, efficient and seamless management

An effective public-private partnership to improve production efficiency and a governance framework to monitor the privatization of projects and public services

Flexible and facilitated financing models that are aligned with global developments and investment needs

Diversified imports and exports in terms of goods and geographic origins, to further promote Oman's global status and geographic location

An empowered and competitive private sector that leads the economy while taking into consideration the social and environmental dimensions

Partnership and integration among SMEs, backed by large corporations

A unique economic identity that integrates seamlessly with global production and service supply chains

Objectives

Balanced and equitable development to enhance the competitive and comparative advantages of governorates and urban areas

Urban and rural areas and cultural and natural heritage regions that are highly resilient and capable of coping with climate change effects

Empowered communities capable of setting their socio-economic and environmental priorities and operating within a framework of administrative and economic decentralisation

Smart, sustainable and vibrant cities and a vital countryside with a viable architecture that ensures high quality of life, work, and leisure

An efficient settlement hierarchy to guide sustainable urban development, accommodate the growing population and provide the necessary public services and utilities

Diversified and easily accessible means of transport, integrated with sound and targeted urban planning and sustainable world-class infrastructure

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Economy and Development

Priorities related to Economy and Development

Economic Diversification and Fiscal Sustainability

Economic Leadership and Management

Labour Market and Employment

The Private Sector, Investment, and International Cooperation

Development of Governorates and Sustainable Cities

Objectives

To identify, every 5 years, sectors that drive economic diversification and other complementary sectors

A regulatory environment and governing legislations that are renewed, flexible, up to date and ensuring equal opportunities

A competitive, diversified and integrated economy based on foresight, innovation and entrepreneurship

Advanced base and IT infrastructure that empowers all sectors, and is capable of keeping pace with the latest developments and cyber security challenges

Informed, integrated and sustainable fiscal, monetary and economic policies, and budgets that ensure effective use of public revenues

A research and development ecosystem spanning the various sectors and institutions

Objectives

A reference entity empowered to achieve the objectives of economic development, social justice, and environmental protection

Senior management with continually renewed capabilities to keep up with market dynamics, forecasts and fast-paced developments

Effective economic leadership with binding powers and a clear mandate to swiftly respond to development needs on the basis of well-defined performance indicators

A solid and effective economic legislative framework that keeps abreast with contemporary developments

Objectives

A labour market with a skilled and productive workforce and a positive work culture

A system of employment, qualification, promotion and incentives based on efficiency and productivity that nurture initiative and innovation

A labour market that attracts talents and skilled labour through clear and standardised recruitment policies

Laws and regulations to regulate the labour market based on professional standards and a stimulating and dynamic work environment

Objectives

A competitive business environment that attracts investments, where the government plays a regulatory role coupled with successful, efficient and seamless management

An effective public-private partnership to improve production efficiency and a governance framework to monitor the privatization of projects and public services

Flexible and facilitated financing models that are aligned with global developments and investment needs

Diversified imports and exports in terms of goods and geographic origins, to further promote Oman's global status and geographic location

An empowered and competitive private sector that leads the economy while taking into consideration the social and environmental dimensions

Partnership and integration among SMEs, backed by large corporations

A unique economic identity that integrates seamlessly with global production and service supply chains

Objectives

Balanced and equitable development to enhance the competitive and comparative advantages of governorates and urban areas

Urban and rural areas and cultural and natural heritage regions that are highly resilient and capable of coping with climate change effects

Empowered communities capable of setting their socio-economic and environmental priorities and operating within a framework of administrative and economic decentralisation

Smart, sustainable and vibrant cities and a vital countryside with a viable architecture that ensures high quality of life, work, and leisure

An efficient settlement hierarchy to guide sustainable urban development, accommodate the growing population and provide the necessary public services and utilities

Diversified and easily accessible means of transport, integrated with sound and targeted urban planning and sustainable world-class infrastructure