Oil and Gas - - EXPERT SPEAK -

United Me­dia Ser­vices (UMS) has pub­lished the 24th edi­tion of its an­nual bilin­gual pub­li­ca­tion, Progress 20182019 salut­ing His Majesty Sul­tan Qa­boos Bin Said on the oc­ca­sion of the 48th an­niver­sary of Oman’s Blessed Re­nais­sance.

Progress 2018 fo­cuses on the im­prov­ing eco­nomic sen­ti­ments in the Sul­tanate buoyed by ris­ing oil prices, growth of non-oil rev­enues and the con­tin­ued govern­ment in­vest­ment on in­fra­struc­ture projects. The an­nual pub­li­ca­tion also high­lights the var­i­ous de­vel­op­ment ini­tia­tives that are pro­vid­ing strong tail­winds to Oman’s econ­omy such as the open­ing of the new Mus­cat In­ter­na­tional Air­port pro­vid­ing an im­pe­tus to the Sul­tanate’s tourism prospects. This year’s Progress also dis­cusses the goals of Oman’s Vi­sion 2040 strat­egy, the on­go­ing ef­forts on di­ver­si­fi­ca­tion, pri­vati­sa­tion of state-owned en­ti­ties to broad-base the econ­omy, the re­newed im­pe­tus on pub­lic-pri­vate part­ner­ships, SME de­vel­op­ment, job cre­ation for Oma­nis and plans for en­hanc­ing the tax base us­ing VAT and a cut in sub­si­dies.

Progress also presents a first-hand ac­count of Oman’s de­vel­op­ment from min­is­ters and dig­ni­taries and takes an in-depth look at the var­i­ous sec­tors that have con­trib­uted to the Sul­tanate’s de­vel­op­ment and mod­erni­sa­tion, such as oil and gas, bank­ing, NBFCs and in­sur­ance, cap­i­tal mar­kets, ed­u­ca­tion, health­care, agri­cul­ture, re­tail­ing, avi­a­tion, tele­com, in­for­ma­tion and com­mu­ni­ca­tion tech­nol­ogy, real es­tate, man­u­fac­tur­ing, power, in­fra­struc­ture, tourism etc. Each of these sec­tors is cov­ered in ded­i­cated chap­ters high­light­ing the strides taken by the Sul­tanate in these ar­eas.

Other ar­ti­cles fo­cus on the lat­est de­vel­op­ments, key fi­nan­cial in­di­ca­tors and the fu­ture roadmap. The ar­ti­cles delve into how the Sul­tanate, guided by the vi­sion and de­ter­mi­na­tion of

His Majesty, has achieved re­mark­able progress and de­vel­op­ment in var­i­ous fields and es­tab­lished a strong econ­omy by har­ness­ing its nat­u­ral re­sources and en­cour­ag­ing pri­vate en­ter­prise. Its march to­wards moder­nity has been bal­anced with a preser­va­tion of its cen­turies old rich her­itage and cul­ture. The coun­try has as­sumed a po­si­tion of em­i­nence both at the re­gional and in­ter­na­tional lev­els.

Progress, the first an­nual coun­try book in the Sul­tanate to go on­line, is avail­able in a dig­i­tal ver­sion on­gres­so­man. com and read­ers can ac­cess in­di­vid­ual sec­tor re­ports on www.oeron­ spe­cial-re­ports/progress-oman. The dig­i­tal ver­sion will serve as a one-stop ref­er­ence point for peo­ple seek­ing in­for­ma­tion on Oman’s re­mark­able jour­ney over the last 48 years. Ex­cerpts of the re­ports in Progress and ex­clu­sive video con­tent have been posted, liked and shared across Progress’s so­cial me­dia plat­forms along with OER and AIWA’s so­cial me­dia han­dles. Newslet­ters via e-mail and What­sApp were also sent out to UMS’ highly cu­rated data­bases. As a re­sult, com­bined reach on so­cial me­dia and dig­i­tal plat­forms crossed 200K im­pres­sions as of 1 Au­gust 2018.

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