The Royal Directives of His Majesty Sultan Qaboos bin Said – May his soul rest eternal peace- 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.
Strategic Direction
An enabled private sector driving a competitive economy that is integrated with the world economy.
Goals
- A competitive business environment that attracts investments, in which the government assumes a regulatory role coupled with successful, efficient and seamless management
- Flexible and facilitated financing patterns that keep pace with global developments and fulfill investment needs
- An enabled and competitive private sector that leads the economy and observes both economic and social dimensions
- Partnership and integration between SMEs, embraced by large corporations
- Active partnership between the government and the private sector, improving production efficiency
- Diversified imports and exports in terms of goods and geographical aspects that maximize the ability to capitalize on the Sultanate’s global status and geographical location
- A unique economic identity that integrates with the global production and service chains