It is the national reference for Oman’s economic and social planning for the period 2021-2040, from which national strategies and five-year development plans are derived.
There are 12 national priorities in the vision:
National programs are short- or medium-term intensive programs that are formulated based on the requirements of the stage, and the objectives of the five-year development plans, to achieve the national targets of Oman Vision 2040, with clear governance and integration between relevant entities. The current national programs are:
The realization of the vision depends on several mutually reinforcing factors:
The escalation mechanism starts with trying to solve the issue or challenge internally through the vision office in the government institution, and if it cannot be solved, it is escalated to the head of the institution, then the challenge is escalated during the periodic steering meetings between the ministers concerned with the sector, then to the Council of Ministers, and finally to His Majesty, usually when there are structural issues that require a royal directive, or an issue that has taken a long time without being resolved.
Oman Vision 2040 Implementation Follow-up Offices are one of the tools to ensure the realization of Oman Vision 2040, as they consist of qualified work teams that report to the heads of government institutions, working to enhance the integration between the institution’s plans and Vision indicators on the one hand, and planning and implementation on the other, and form the link between them and Oman Vision 2040 Implementation Follow-up Unit and the state’s administrative system in all matters related to achieving the Vision’s goals.
The implementation of Oman Vision 2040 started since day one of launching it, and despite the financial, economic and health challenges, there are many existing programs and initiatives that have achieved tangible achievements, and the annual report of the vision includes all developments and efforts made in the national priorities, as well as statistics and data related to the vision indicators.
The vision is a compass for all sectors, and the labor market and employment are among the national priorities that receive great attention and continuous high-level guidance from His Majesty Sultan Haitham bin Tariq, may God protect him, who seeks to create a labor market that is attractive to talent, interactive and in line with demographic, economic, knowledge and technical changes. In addition, the National Employment Program was launched, seeking to find sustainable solutions for employment in all sectors in order to achieve economic and social growth and sustainable development.
The private sector is considered a partner in realizing the Vision, which is why the private sector, investment and international cooperation priority focused on enhancing competitiveness values, empowering a private sector that leads a competitive economy integrated with the global economy, and developing the business environment to promote economic development. This priority is being intensively pursued through two national programs: The National Program for Private Sector and Foreign Trade Development (Nazdaher) and the National Program for Economic Diversification (Tanwea’a).
The private sector is very broad and diverse, and by empowering it, it contributes to driving a balanced economic development, deepening the capital market, and projecting a unique economic identity that integrates with global production and service chains. The partnership and complementarity between small and medium enterprises embraced by large enterprises, as well as diversified exports and imports increase the ability to utilize Oman’s international status and geographical location. The private sector also contributes to employment, replacing expatriate talent with Omani talent, and investing in national projects and programs.
International indicators do not necessarily reflect the impact on the ground; they are subject to international considerations that may not conform to local standards and procedures, but they are useful in enhancing Oman’s competitive position with other countries, as investors take into account its position in international indicators. Therefore, there is a methodology and work mechanisms implemented in order to focus on improving Oman’s ranking in international indicators.
