Oil and Gas - - PUBLICATION -

United Me­dia Ser­vices (UMS) has pub­lished the 2018 edi­tion of its an­nual bilin­gual pub­li­ca­tion, Oman-A Na­tion on the Move, laud­ing the as­tute poli­cies of His Majesty Sul­tan Qa­boos Bin Said, in­clud­ing the Vi­sion 2040 strat­egy that have placed Oman among the most sta­ble and for­ward look­ing states on the global map.

The 2018 edi­tion, brought out to mark the 48th Na­tional Day, fo­cuses on the im­prov­ing eco­nomic sen­ti­ments in the Sul­tanate buoyed by ris­ing oil prices and the con­tin­u­ing growth story. The an­nual pub­li­ca­tion is ded­i­cated to His Majesty’s en­deav­our to trans­form Oman into a mod­ern state with a well-de­vel­oped in­fra­struc­ture, vi­brant econ­omy and peace­ful so­ci­ety, of­fer­ing the high­est liv­ing stan­dards to the peo­ple of the coun­try.

Pub­lished since 2005, Oman-A Na­tion on the Move en­cap­su­lates ma­jor achieve­ments of the Sul­tanate and has an in-depth anal­y­sis of the mea­sures be­ing taken by Oman to ne­go­ti­ate a chal­leng­ing eco­nomic sce­nario and struc­tural re­forms to boost pri­vate sec­tor-led growth, in­crease eco­nomic di­ver­si­fi­ca­tion and cre­ate jobs. This year’s edi­tion also analy­ses Oman’s Vi­sion 2040 strat­egy, the on­go­ing ef­forts on di­ver­si­fi­ca­tion, pub­licpri­vate part­ner­ships and so on. Oman Vi­sion 2040 pro­vides the guide­lines for next two decades, un­der which the gov­ern­ment can draft the next five-year plan, which would be the first fiveyear plan to be im­ple­mented un­der the guid­ance of Oman Vi­sion 2040. The plan pe­riod com­mences from 2021. 2018 marks the mid­dle of a five-year di­ver­si­fi­ca­tion strat­egy that builds on Oman’s long-term vi­sion to shift from an oil-based econ­omy. The gov­ern­ment has em­barked on an am­bi­tious plan to di­ver­sify the coun­try’s rev­enue streams to fo­cus on sec­tors such as tourism, lo­gis­tics, man­u­fac­tur­ing and OMAN – A NA­TION ON THE MOVE has chron­i­cled such ini­tia­tives. It also presents a first-hand ac­count of the progress made by the Sul­tanate in key sec­tors in­clud­ing oil & gas, in­for­ma­tion tech­nol­ogy, telecom­mu­ni­ca­tions, bank­ing, fi­nance, in­sur­ance, in­fra­struc­ture, real es­tate and re­tail.

In an age marked by global eco­nomic slow­down where ev­ery coun­try is try­ing to at­tract for­eign cap­i­tal and trade, Oman has be­come a pre­ferred des­ti­na­tion for the in­ter­na­tional in­vest­ment com­mu­nity.

The Am­bas­sadors of the prom­i­nent coun­tries, in their own words, de­scribe the grow­ing bi­lat­eral eco­nomic bond with Oman and the fac­tors that make their states com­mit­ted to work jointly with Oman’s Gov­ern­ment and the pri­vate sec­tor.

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