It is believed that a longterm growth strategy will facilitate achievement of oman vision 2040, as well as diversify the economy away from oil. Fiveyear development plan 201620 and the broader oman vision 2040. The theme of the vision is, accelerating ugandas socioeconomic transformation. Oman 2040 project coordinator abdul majid al salti said, the youth segment accounts for a large part of the participants in developing oman vision 2040 since its inception. With its 2040 vision, 1 oman has unveiled a roadmap to claiming its place within the global competitive landscape through diversified and sustainable economic measures. Jan 28, 2019 oman, which has the lowest gdp per capita among the gcc countries, held its vision 2040 national conference on january 2728 where it laid out its road map that seeks to rebalance the countrys economy away from oil and natural gas which have been the major engines of economic growth in the country. Future vision oman 2040 vision oman 2020 evaluation of vision 2020 evaluation of the 8th plan 20112015 the 2020 vision paving the way for the future vision oman 2040 the 9th fiveyear plan 8 the 9th fiveyear development plan oman has succeeded in maintaining steady gdp growth in line with its 8th development plan targets. To become a strategic enabler for an accelerated digitization eco system to expand the knowledge based economy and spur socio economic growth policy objectives i. Once a middleincome economy heavily dependent on depleting oil resources, the sultanate of oman has been actively pursuing a development plan focusing. Renewable energy program, newsletter volume 1, issue 2, december 2020.
Developed in line with the royal directives of late his majesty sultan qaboos, the vision 2040 is a guide and key reference for planning activities in the next two decades. Sep 08, 2020 vision 2040 strategy to diversify the economy and develop world class infrastructure, the air cargo ecosystem was identified in oman s national aviation strategy as holding the promise of significant economic potential oman continues to climb the ranks of the world banks logis. And the strategy in the vision is based on inputs from omani individuals, businesses and stakeholders representing all facets of omani society. The world bank convening power backed by the ministrys technical and logistical support has proven crucial in developing vision 2040 and the associated implementation programs. It is imperative that oman emphasize the goal of attracting international firms as a part of the economic development plan of visions 2040. Oman s 2040 strategy aims to elevate infrastructure as key economic instrument. Vision 2040 and an accompanying implementation plan establishes a framework and processes to achieve these goals.
While sards 2040 defines the vision and objectives to be achieved by 2040, the ip identifies the investment priorities and results to be realized in the medium term 20162020. Moreover, oman as a logistics hub is vital to chinas and indias wider global strategies. H e maitha bint saif al mahrouqi, undersecretary in mot unveiled a strategy for potential private sector investors at a forum held at the oman chamber of commerce and industry. Omans 2040 strategy aims to elevate infrastructure as key. Vision 2040 eyes increase in economic growth oman observer. Vision 2040 is essentially an updated version of vision. Oman vision 2040 is a comprehensive and it covers all aspects of development and real opportunity to move to a new stage of progress. Briefings from oman are offered freeofcharge and distributed to omani embassies, ministries, foreign trade missions, at international trade shows, b2b meetings, as well as to schools, colleges and companies across oman. Strategies to achieve oman 2040 vision discussed times. Be it further resolved, that the regional council staff is directed to prepare, reproduce and distribute the final vision 2040 document. Vision for oman s economy 2040, ministry of national economy, the sultanate of oman, available at. The strategy is also concerned with preparing them to adapt themselves to changes of the present time, national strategy of education in the sultanate of oman 2040. Sustainable management of the fisheries sector in oman.
Pdf this issue of arabian humanities proposes to offer a. Strategies to achieve oman 2040 vision discussed times of oman. It has started implementing policies to help divert its oilbased economy toward tourism as a part of its vision 2040. Logistics, tourism, mining, manufacturing and fisheries have all been identified as potential future economic drivers, and will be the focus of development under the next plan, vision 2040. Broadly speaking, the diversification strategy focuses on three areas. Holistic digital strategy a key goal of the digital pakistan policy is to create a digital ecosystem with infrastructure.
Renewable energy program, newsletter volume 1, issue 1, september 2020 find, read and cite all the. It aims primarily to ensure that the per capita income remains at its 1995 level as a minimum while pursuing to double it in real terms by 2020. A society of creative individuals, a competitive economy, an environment with sustainable elements and a state with a responsibly institutions. The central bank of oman s latest annual report notes that transport, storage and communications is one of the economys best performing categories, with the growth rate reaching 9. It is believed that a longterm growth strategy will facilitate achievement of oman vision 2040, as. A diverse set of sound principles first established in 1995 to diversify the economy and double real income in 25 years, oman s vision 2020, despite its limited achievements, is paving the way for further and bolder reforms to be attempted under vision 2040. Oman s long coastline is not only a touristic asset. Incentives march 2021 announced by the government as. Oman 9th fiveyear development plan and the strategic. The country is the one of the largest suppliers of fish in the gulf cooperation council gcc region and is a net exporter of fish and fish products. Therefore, the budget complements previous budgets and comes to pave the way for oman vision 2040 and tenth fiveyear development plan 20212025. Puget sound regional councilision 2040 v iii whereas, the regional growth strategy and related provisions in vision 2040 fall within the range of alternatives.
Corporate profile english digital v3 ido investments. Apr 16, 2019 part of its vision 2040 objectives is to nurture maritime hubs to leverage oman s strategic location at the crossroads of the arabian sea and the indian ocean, which eventually will pit them economically against the uae. Jan 10, 2020 diversification initiatives are embedded in the ninth fiveyear development plan 201620 and the broader oman vision 2040. Culture, head of oman 2040 main committee in high mastery, complete accuracy, and broad societal consensus. It also incorporates the objectives of the medium term fiscal plan 20202024, also referred to as the fiscal balance plan, which has been. Oman 2040 is a national project that aims to create an insightful vision that foresees the future and strives for more progress and development, aligned with an ambitious work system that all social segments participate in formulating, in order to define the sultanates future goals and map out the action plan and implementation and conceptualisation mechanisms until 2040. Wrapping up vision 2020, solidifying vision 2040 the. Omans new economic reality calls for vision 2040 strategy. The ministry of tourism mot on tuesday unveiled its 2040 strategy which will see investments of around ro20bn and creation of more than half a million jobs. The vision focuses on reshaping the roles of and relation between the public, private and civil sectors to ensure effective economic management.
The overall vision of the national strategy of education. The 2021 budget is the first budget for the tenth fiveyear plan 20212025, paving the way for implementing oman vision 2040 finalized under the leadership of his majesty sultan haitham bin tarik. Enhancing family and community health and wellbeing. The vision aims as well to create favorable conditions for economic progress. The ip is fully aligned with oman s fiveyear plan fyp. Oman vision 2040 aims to elevate infrastructure as a key economic instrument to help oman become an industrial and trade hub. The vision and mission statement aims at developing tourism as a sustainable economic sector.
The incentives are part of the economic diversification vision of the government, as well as with a view to countering the economic slowdown caused by the ongoing covid19 pandemic. Challenges to limit pace of diversification castlereagh. It is with allahs guidance and amidst broad societal consensus that omans vision for the future, oman 2040, was developed. The oman vision 2040 and the 9th fiveyear plan 20162020 both underscore the fact that the sultanate takes the 2030 agenda seriously and has devised. Vision 2040 to secure developed nation status for oman. Thi s budget paves the way for the implementation of oman vision 2040 and the tenth fiveyear development plan. We did this in compliance with the high orders of his majesty sultan qaboos bin saeed, who wanted the vision to absorb the economic and social reality, and to objectively. The vision attributes, which are consistent with the principles of the constitution, are. Innovation and digitalisation to drive omans vision 2040. Analysis of omans tenthfive year plan and budget 2021. The most remarkable projects developed by the education council. The twoday oman 2040 vision conference, which gave the public an insight into the way forward for oman, saw over 3,372 people attending and over 2 million participating online.
Development of human resources and upgrading omani skills and competencies to keep abreast with the technological progress. Our vision is for oman to be one of the worlds developed countries. The 2021 budget and fiveyear plan released on january 1 demonstrate a renewed focus on vision 2040, which haitham led prior to his ascension. Currently, ido investments portfolio companies are contributing to eight of the vision 2040 goals. Renewable energy program, newsletter volume 1, issue 1, september 2020 find, read and cite all the research you need on researchgate. For the purpose of preparing the future vision oman 2040, three key themes have been adopted and include the following set of pillars. The strategy is also concerned with preparing them to adapt themselves to changes of the present time. Oman focuses on diversification and infrastructure investment. Oman s vision 2040 aims at diversifying its economic activities from oil and gas sector to tourism sector. The overall vision of the national strategy of education 2040 is represented in producing human resources who are equipped with skills required for work and life and to make them productive in this knowledgebased world. The future vision oman 2020 is an approach that guides the sultanate towards a sustainable and diversified economy.
The sultanates longterm development strategy, oman vision 2020, emphasises diversification, privatisation and omanisation. The vision also aims to ensure that protecting the nations natural resources and unique environment requirements are balanced with economic growth. Speaking at the oman ecommerce conference 2019, which concluded at the oman convention and exhibition centre yesterday, he said the vision 2040 strategy represents the essence of a fouryearlong exercise during which the task force reached out to an estimated 40,000 omanis young and old as well as entrepreneurs, business persons. It extends to include the citizens, the private sector. At the instruction of his majesty sultan qaboos bin said, vision 2020, a plan for oman s economic future up to the year 2020 was set, outlining the countrys economic and social goals, which.
Attracting foreign capital and expertise into nonoil, exportoriented sectors through a combination of regulatory reform and infrastructure investment. Pdf future proofing of tourism entrepreneurship in oman. Research and development 2020 2040 and presenting the results of the analysis of the current situation and challenges of the research field in the sultanate. Oman focuses on diversification and infrastructure. Jan 28, 2021 amidst the changes in government, oman s economic problems remain paramount. Oman, which has the lowest gdp per capita among the gcc countries, held its vision 2040 national conference on january 2728 where it laid out its road map that seeks to rebalance the countrys economy away from oil and natural gas which have been the major engines of economic growth in the country. Nov 26, 2019 oman can increase access to job by increasing the number of multinational firms that operating in oman. Oman 2040 workshops as part of the formulating oman future vision 2040, vision 2040 office had organized workshops that aims to define the objectives and strategic directions of the vision s 3 pillars and the related issues to involve the public in shaping and formulating the future vision. Sustainable agriculture and rural development strategy. Oman and the emerging international economic powers 14 5.
The vision with regards to digital pakistan policy is. Only by develop ing and improving the efficiency of the omani education system can we ensure a brighter future for. The main objectives of the national strategy for education 2040 21 part two. Vision 2040 is intended to be a game changer on how oman develops in the next 20 years.
The responsibility to realise the strategic directions and goals of oman 2040 is not limited to the government. The oman vision 2040 thus appears as a turning point in the recent history of this. The most remarkable projects developed by the education. Creation of a stable macroeconomic framework aimed at development of a private. It looks to the big picture and decisions on omans aspirations. Sep 02, 2017 future vision oman 2040 vision oman 2020 evaluation of vision 2020 evaluation of the 8th plan 20112015 the 2020 vision paving the way for the future vision oman 2040 the 9th fiveyear plan 11 the 9th fiveyear development plan oman has succeeded in maintaining steady gdp growth in line with its 8th development plan targets. Almost three years into its ninth fiveyear plan for 201620, oman is beginning to reap the rewards of efforts to restructure and expand its transport and logistics sector. It also provides local communities with a vibrant fishing industry. Vision 2020 the omani economy had been on a steady transformation course through development plans, beginning with the first fiveyear plan 1976 1980. Indeed, the vision 2040 document can be interpreted as the governments environmental, social and governance esg blueprint. The role of sustainable food and agriculture sfa in the. Mar 21, 2016 the oman logistics plan 2020 and the oman logistics strategy sols 2040 plan to improve the countrys soft infrastructure, particularly the regulatory environment, support mechanisms, and institutions.
1595 786 1138 141 93 1688 125 187 872 857 824 265 1561 1599 192 1770 238 898 976 1828 1641 836 1062 359 961 1356 53 435 166 395 1246 1571 1826 779 1061 1399 606 699