Vi­sion 2040

The Sul­tanate in line with the di­rec­tion and guid­ance of His Majesty Sul­tan Qaboos Bin Said, has em­barked on for­mu­lat­ing a roadmap for the fu­ture-“oman 2040.”

Oman - A Nation on the Move - - Contents -

Oman Vi­sion 2040 will pro­vide the guide­lines for next two decades, un­der which the gov­ern­ment can draft the next five-year plan, which would be the first five-year plan to be im­ple­mented un­der the guid­ance of Oman Vi­sion 2040. The plan pe­riod would com­mence from 2021. The Supreme Coun­cil for Plan­ning is look­ing to make the first draft of Oman Vi­sion 2040 avail­able for discussion by the end of 2018.

The Royal Di­rec­tives of His Majesty has stip­u­lated the for­ma­tion of the Main Com­mit­tee chaired by HH Sayyid Haitham Bin Tariq Al Said. Rel­e­vant com­mit­tees were formed to pre­pare the fu­ture vi­sion “Oman 2040,” in­clud­ing the Tech­ni­cal Com­mit­tee, as well as the sec­toral com­mit­tees that com­prise three com­mit­tees ac­cord­ing to the themes of the vi­sion; “Peo­ple and So­ci­ety” com­mit­tee, “Econ­omy and De­vel­op­ment” com­mit­tee, and “Gov­er­nance and In­sti­tu­tional Per­for­mance” com­mit­tee. In ad­di­tion, Na­tional Pri­or­i­ties and Strate­gies Align­ment Com­mit­tee, Or­gan­i­sa­tion and Fol­low up Com­mit­tee, and the Na­tional Con­fer­ence Prepa­ra­tion Team were formed. Mem­bers of these com­mit­tees com­prise more than 100 peo­ple from var­i­ous stake­hold­ers, rep­re­sent­ing all seg­ments of the Omani so­ci­ety. The Main Com­mit­tee has set up Oman 2040 Of­fice and pro­vided it with qual­i­fied Oma­nis to of­fer the needed tech­ni­cal and ad­min­is­tra­tive sup­port to the project.

The Royal Di­rec­tives of His Majesty stip­u­late that the fu­ture vi­sion “Oman 2040” will be thor­oughly de­vel­oped and pre­cisely for­mu­lated in the light of wide com­mu­nity con­sen­sus and par­tic­i­pa­tion of the dif­fer­ent so­cial groups, so that the vi­sion is fully in­te­grated into the eco­nomic and so­cial re­al­i­ties and ob­jec­tively ori­en­tated to­wards the fu­ture fore­sight, as a key guide and ref­er­ence for plan­ning in the next two decades.

The fore­most ob­jec­tive of the pro­posed draft is to present Oman as an at­trac­tive in­vest­ment des­ti­na­tion for both lo­cal and for­eign in­vestors in or­der to di­ver­sify the non-hy­dro­car­bon sec­tor. Cur­rently Oman is in the third year of the ninth five-year plan and un­der this plan most of the planned ex­e­cu­tions are un­der­way. The Supreme Coun­cil is op­ti­mistic of achiev­ing all the goals set up for the pe­riod. Since 2014, a lot of work has been done in the di­rec­tion of the eco­nomic di­ver­si­fi­ca­tion, most prom­i­nent of which is the Tan­feedh pro­gramme.

The 9th Five-year De­vel­op­ment Plan is con­sid­ered the fi­nal in a se­ries of de­vel­op­men­tal plans com­pris­ing Oman Vi­sion 2020, which seeks to achieve fi­nan­cial and eco­nomic sta­bil­ity, di­ver­sify the eco­nomic base and sources of na­tional in­come, al­ter the role played by gov­ern­ment in the Sul­tanate’s econ­omy, ex­pand the par­tic­i­pa­tion of the pri­vate sec­tor and en­hance the qual­ity of life for Omani ci­ti­zens. Oman Vi­sion 2020 also pro­vides a roadmap for in­tro­duc­ing the fu­tur­is­tic vi­sion “Oman 2040.” The ninth five-year plan iden­ti­fied five promis­ing sec­tors for eco­nomic di­ver­si­fi­ca­tion, whether by in­creas­ing gov­ern­ment rev­enues and ex­ports or by of­fer­ing more and bet­ter em­ploy­ment op­por­tu­ni­ties. The five sec­tors are: man­u­fac­tur­ing, trans­porta­tion and lo­gis­tics, tourism, fish­eries and min­ing. The plan was pre­pared in light of a num­ber of chal­lenges, most notable of which are the fluc­tu­at­ing global oil prices, the geopo­lit­i­cal sit­u­a­tion in the re­gion and the young pop­u­la­tion struc­ture that will pres­surise the em­ploy­ment mar­ket in the com­ing years. The vi­sion of the cur­rent plan is to rise to the chal­lenge and im­ple­ment prac­ti­cal so­lu­tions to these.

The of­fice of Oman 2040 has held al­ready held meet­ings with en­trepreneurs, busi­ness­men and mem­bers of Oman Cham­ber of Commerce and In­dus­try. The meet­ings were aimed to in­tro­duce them to Oman vi­sion 2040, the flow of work, and to dis­cuss the strate­gic di­rec­tions and ob­jec­tives that were the out­puts of a num­ber of com­mu­ni­ca­tion ini­tia­tives across the Sul­tanate.

HE Talal Bin Suli­man Al Rahbi, Head of the tech­ni­cal com­mit­tee in Oman 2040 said, “The par­tic­i­pa­tion of en­trepreneurs, busi­ness­men and mem­bers of Oman Cham­ber of Commerce is es­sen­tial to con­trib­ute to Oman 2040 par­tic­i­pa­tion goals. The first ex­e­cu­tion plan of the vi­sion will be kicked off in 2021, while some of the ini­tia­tives and out­puts can be ex­e­cuted in 2019 and 2020.”

In his com­ments on ‘Oman 2040: New hori­zon’s, Dr Ad­ham Turki Al Said, As­sis­tant Pro­fes­sor of Eco­nom­ics at the Col­lege of Eco­nom­ics and Po­lit­i­cal Sci­ence, Sul­tan Qaboos Univer­sity, un­der­lined the need for a new eco­nomic model to meet the re­quire­ments of fu­ture. “Vi­sion 2020 did not achieve all its goals and ob­jec­tives. Chang­ing times and dy­nam­ics re­quire a new vi­sion. Do­mes­tic, re­gional and global shifts ne­ces­si­tate a new per­spec­tive for the fu­ture,” he adds. Out­lin­ing the ob­jec­tives of Vi­sion 2040, he high­lighted the need of cre­at­ing wealth through eco­nomic di­ver­si­fi­ca­tion and pri­vate sec­tor part­ner­ship; en­sur­ing a bal­anced gov­er­norates de­vel­op­ment; pre­serv­ing en­vi­ron­ment sus­tain­abil­ity and build­ing world-class in­fra­struc­ture and liv­able cities.

The Sul­tanate has all the in­gre­di­ents for di­ver­si­fi­ca­tion such as world-class in­fra­struc­ture and hu­man cap­i­tal. All the key sec­tors iden­ti­fied by gov­ern­ment for eco­nomic di­ver­si­fi­ca­tion such as agri­cul­ture and fish­eries, lo­gis­tics, man­u­fac­tur­ing, min­ing and min­er­als and tourism have huge po­ten­tial. But in or­der to un­lock this po­ten­tial, there is need to con­nect the miss­ing dots.

Newspapers in English

Newspapers from Oman

© PressReader. All rights reserved.