Oman vision 2040
Introduction
Oman Vision 2040 is a comprehensive national strategy designed to guide Oman’s economic and social development from 2021 to 2040. This long-term plan serves as the country’s blueprint for transitioning from an oil-dependent economy to a diversified, sustainable, and knowledge-based one.
Key Aspects of Oman Vision 2040
Development Framework
Serves as the national reference for economic and social planning
Informs sector strategies and five-year development plans
Approved by His Majesty Sultan Haitham Bin Tarik in 2020
Collaborative Approach
Developed with extensive community participation
Reflects input from over 41,000 participants through forums, workshops, and national conferences
Strategic Pillars
People and Society
Economy and Development
Governance and Institutional Performance
Environment and Natural Resources
Objectives and Priorities
Economic Diversification
Reduce reliance on oil revenue
Develop sectors such as tourism, logistics, fisheries, and manufacturing
Foster innovation and enhance competitiveness
Human Capital Development
Transform the education system
Focus on upskilling the workforce for future jobs
Empower youth through entrepreneurship and leadership opportunities
Environmental Sustainability
Promote renewable energy and rational consumption
Develop a green and circular economy
Enhance environmental awareness and sustainable practices
Governance and Infrastructure
Improve public services through e-governance
Develop world-class infrastructure, including transportation and healthcare
Streamline processes to support SMEs and attract investment
Implementation Strategies
National Program for Enhancing Economic Diversification (Tanfeedh)
Establishment of Special Economic Zones (SEZs) and Industrial and Logistics Zones
Investment in technological advancements across various sectors
Focus on developing smart cities and digital connectivity
Conclusion
Oman Vision 2040 represents a pivotal moment in the country’s history, aiming to position Oman among the developed nations of the world by fostering economic growth, social well-being, and environmental sustainability through strategic planning and implementation.
