Three fo­cus ar­eas in 2040 in­dus­try plan

The sec­tors were cho­sen on the ba­sis of vari­ables like ex­ports, added value, im­port sub­sti­tu­tion and job gen­er­a­tion po­ten­tial among oth­ers

Times of Oman - - MARKE -

SHEIKHA AL MAQHOUSI [email protected]­so­fo­man.com

MUS­CAT: The Min­istry of Com­merce and In­dus­try has an­nounced the three main fields that the in­dus­trial strat­egy of 2040— aimed at en­hanc­ing the com­pet­i­tive­ness and growth of the in­dus­trial sec­tor and rais­ing the level of tech­nol­ogy in man­u­fac­tur­ing— will fo­cus on.

Sami bin Salem Al Sahib, Di­rec­tor Gen­eral of the Direc­torate Gen­eral of In­dus­try in the Min­istry, said, “The in­dus­trial strat­egy will fo­cus on three main ar­eas: the sec­tors that rely on lo­cal re­sources; the cap­i­tal-in­ten­sive sec­tors, such as the man­u­fac­ture of elec­tri­cal equip­ment, ma­chin­ery, ca­bles, elec­tri­cal con­nec­tors, fur­ni­ture, etc; and the sec­tors that rely on knowl­edge, re­search and devel­op­ment.”

“The dif­fer­ent sec­tors were cho­sen on the ba­sis of sev­eral vari­ables, such as ex­ports, added value, im­port sub­sti­tu­tion, em­ploy­ment, labour ef­fi­ciency, the rel­a­tive ad­van­tage of the Sul­tanate and the at­trac­tive­ness in­dex of Omani ex­ports,” said Al Sahib, adding, “All the in­dus­trial sec­tors were ex­am­ined glob­ally. Based on these vari­ables, 30 sub-sec­tors with the high­est de­tailed re­sults were se­lected from 119 sub-sec­tors that were ini­tially short­listed. The choices in­cluded sub-sec­tors adapted to the Fourth In­dus­trial Rev­o­lu­tion and the Oman Vi­sion 2040.”

The first is the sec­tor that de­pends on lo­cal re­sources such as the re­finer­ies and petro­chem­i­cals sec­tor (oil and gas sec­tor), brick and ce­ment in­dus­tries, mar­ble, gyp­sum, build­ing prod­ucts and other min­er­als (min­ing sec­tor), bak­ery, bis­cuits, milk and meat in­dus­tries. The strat­egy aims at ex­pand­ing and max­imis­ing the value ad­di­tion of these sec­tors to reach the tar­geted re­sults in the next five years of the plan.

The sec­ond sec­tor fo­cuses on cap­i­tal-in­ten­sive sec­tors such as the man­u­fac­ture of elec­tri­cal equip­ment, ma­chin­ery, ca­bles, elec­tri­cal con­nec­tors, fur­ni­ture, pumps, valves, ca­pac­i­tors, re­pairs and ship­build­ing, and the con­struc­tion of trail­ers and semi trail­ers. The strat­egy aims at ex­pand­ing and di­ver­si­fy­ing these in­dus­tries to reach the tar­geted re­sults in the next 10 years of the plan.

The third sec­tor will be for knowl­edge-based and re­search and devel­op­ment sec­tors such as phar­ma­ceu­ti­cals, med­i­cal equip­ment, per­fumes, cos­met­ics, so­lar pan­els, re­cy­cling and health food in­dus­tries. These in­dus­tries are nonex­is­tent or are very few in num­ber and do not meet the re­quire­ments of the lo­cal mar­ket, as well as ex­ports. This strat­egy will sup­port and en­cour­age these in­dus­tries in the next 20 years.

The DG of In­dus­try in­di­cated that pub­lic and pri­vate sec­tor of­fi­cials were in­volved in the prepa­ra­tion of the pre­lim­i­nary draft of the in­dus­trial strat­egy. The pre­lim­i­nary re­sults of the strat­egy will be re­viewed at a work­shop or­gan­ised by the min­istry.

Al Sahib said, “The in­dus­trial strat­egy will keep abreast of the Fourth In­dus­trial Rev­o­lu­tion by re­ly­ing on modern tech­nolo­gies and up­grad­ing tech­nol­ogy in man­u­fac­tur­ing. There are some Omani fac­to­ries that cur­rently use modern tech­nol­ogy in pro­duc­tion and man­u­fac­tur­ing.”

The Min­is­ter of Com­merce and In­dus­try had stated ear­lier that the fourth in­dus­trial rev­o­lu­tion was head­ing to­wards a new stage in the econ­omy based on modern tech­nol­ogy, ar­ti­fi­cial in­tel­li­gence, au­to­ma­tion, vir­tual re­al­ity, and the in­ter­net. The min­is­ter fur­ther urged young­sters to ac­quire 10 ba­sic skills to cope with the changes in the time to come and the Fourth In­dus­trial Rev­o­lu­tion: com­plex prob­lem-solv­ing skills, co­or­di­na­tion with oth­ers, per­son­nel man­age­ment, think­ing skills, ne­go­ti­a­tion, ser­vice ori­en­ta­tion, gov­er­nance and de­ci­sion mak­ing, cre­ativ­ity, emo­tional in­tel­li­gence and cog­ni­tive flex­i­bil­ity.”

The in­dus­trial strat­egy will be im­ple­mented in two phases. The first phase will in­clude the re­vi­sion of the in­dus­trial strat­egy of 2040, which be­gan in 2018. It in­cludes the de­scrip­tion and di­ag­no­sis of the in­dus­trial sec­tor, the as­sess­ment of op­por­tu­ni­ties and chal­lenges that face the sec­tor, and the up­dat­ing of pri­or­i­ties with re­gard to the op­por­tu­ni­ties and chal­lenges, in con­sul­ta­tion with part­ners and in­vestors. The sec­ond phase will be­gin in 2019 and will be im­ple­mented along with the method of change and devel­op­ment.

– File pic­ture used for il­lus­tra­tive pur­poses only

PRI­OR­ITY AR­EAS: The in­dus­trial strat­egy will fo­cus on sec­tors that rely on lo­cal re­sources, are cap­i­tal­in­ten­sive sec­tors, and rely on knowl­edge, re­search and devel­op­ment.

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