Manufacturing strategy 2040 targets strong growth rates
The sultanate is making efforts to achieve strong growth rates in the manufacturing sector by implementing the industrial strategy of the country.
The Ministry of Commerce and Industry (MoCI) is spearheading these efforts with the cooperation of the concerned authorities and encouraging adoption of modern technologies to achieve the required economic diversification and strengthen the role of non-oil sectors.
In the second phase, the ministry is looking forward to define policies and identify capabilities for the implementation of Oman’s manufacturing strategy 2040.
Eng Sami bin Salem al Saheb, Director General of Industry, Ministry of Commerce and Industry, said, “The second phase of the manufacturing strategy reviews the 15 policy areas which focus on how and when manufacturing priorities can be achieved. This is in line with the process of preparing the tenth five-year plan under the supervision of the Supreme Council for Planning. The Ministry of Commerce and Industry is keeping an eye on the required measures, work plan and timeframe for development of the manufacturing sector as part of the vision 2040 of the Sultanate of Oman.”
Eng Saheb said that the first stage of the manufacturing strategy was meant for setting priorities for manufacturing through knowledge-based industries (advanced technology), industries which have capital and resources, and enabling factors for governance as well as available technological and human capital to help in the achievement of these priorities.
Eng Ali bin Saif al Hadi, Director of Planning and Industrial
Studies at the Ministry of Commerce and Industry, said, “Technology and human capital are among three main requirements of the manufacturing strategy 2040. The ministry encouraged use of advanced technology to enhance workforce productivity. This has already helped in improvement of research and development capabilities in universities in recent years and led to distinguished researches.”
He said that a prominent example of the encouragement policy of the ministry is the Advanced Manufacturing Research Centre-Oman at Sohar University and the Centre for Industrial Innovation and Innovation Initiatives led by The Research Council through Ejaad platform.
Eng Hadi said that education and training programmes in the technical and vocational areas, such as training initiatives promoted by the Madayn, Riyada Academy and Al Raffd Fund for Small and Medium Enterprises and the National Training Fund (NTF) are other factors which help in developing human capital of the sultanate.
Eng Sami bin Salem al Saheb
Eng Ali bin Saif al Hadi