LEAD­ING THE WAY

Oman - A Nation on the Move - - Introduction -

Since His Majesty’s ac­ces­sion to the throne in 1970, one of the most strik­ing fea­tures of His Majesty’s lead­er­ship has been the strong re­la­tion­ship be­tween the leader and his peo­ple. In all stages of the coun­try’s long-term de­vel­op­ment strat­egy, top pri­or­ity has been ac­corded to the Omani ci­ti­zen, re­garded as the nation’s most pre­cious re­source in the drive to­wards achiev­ing sustainable de­vel­op­ment. While pre­sid­ing over the Coun­cil of Min­is­ters meet­ing in Fe­bru­ary 2018, His Majesty Sul­tan Qaboos bin Said ex­pressed ap­pre­ci­a­tion for the con­tin­u­ous ef­forts ex­erted by the gov­ern­ment, not­ing that these ef­forts helped achieve com­pre­hen­sive de­vel­op­ment march. His Majesty’s fore­sight, per­cep­tive vi­sion and his as­tute poli­cies have placed Oman as the most peace­ful coun­try in the Mid­dle East and North Africa re­gion and among the most sta­ble and for­ward look­ing states on the global map. His Majesty the Sul­tan’s ded­i­ca­tion and strength cou­pled with loy­alty, love and sin­cere ef­forts of his sub­jects has borne fruit over the past 48 years.

The Na­tional Eco­nomic Di­ver­si­fi­ca­tion Pro­gramme ‘Tan­feedh’ aims to achieve the Sul­tanate’s vi­sion to­wards eco­nomic di­ver­si­fi­ca­tion. The Im­ple­men­ta­tion and Fol­low Up Unit pub­lished its an­nual re­port for 2017 high­light­ing the progress made in im­ple­ment­ing projects in var­i­ous sec­tors.

On the other hand, the com­mer­cial op­er­a­tions of the new Mus­cat In­ter­na­tional Air­port com­menced on March 20. The air­port, which was for­mally in­au­gu­rated in Novem­ber 2018 to mark the 48th Na­tional Day, is one of the ma­jor achieve­ments of the mod­ern Re­nais­sance. The air­port will give mo­men­tum to the tourism sec­tor and will en­hance the growth of the na­tional econ­omy in gen­eral and the lo­gis­tics sec­tor in par­tic­u­lar.

The In­ter­na­tional Mon­e­tary Fund (IMF) has fore­cast that the Sul­tanate will reg­is­ter the high­est growth rates in GDP among the GCC states in 2019. In its re­port ti­tled ‘Eco­nomic Out­look for Mid­dle East’, the IMF fore­cast that the Sul­tanate will post the high­est growth rate in GDP with 4.2 per cent fol­lowed by Kuwait 3.8 per cent, U. A.E 3 per cent, Bahrain 2.3 per cent and Saudi Ara­bia 1.7 per cent. The re­port fore­cast that the oil price hike will im­prove the cur­rent ac­counts at the GCC States in 2018 and 2019 point­ing out that each GCC State will likely use dif­fer­ent fi­nan­cial tools to en­hance its fi­nan­cial re­sources.

Oman 2018-19 takes an in-depth look at key sec­tors that have con­tributed to the Sul­tanate’s de­vel­op­ment. The book will surely serve as a one-stop source for peo­ple seek­ing in­for­ma­tion on Oman’s re­mark­able jour­ney over the past 48 years.

On the 48th Na­tional Day, we would like to con­vey our heart­felt grat­i­tude to His Majesty for his vi­sion­ary guid­ance and nation build­ing ef­forts.

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