Man­u­fac­tur­ing strat­egy 2040 tar­gets strong growth rates

Muscat Daily - - NATION -

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

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