Oman Vision 2040.

The Oman Vision 2040 is a 20-year nationwide multisector document representing a guide and key reference for planning activities. The aim is to (i) build a productive and diversified economy, founded on innovation, integration of roles, and equal opportunities; (ii) leverage Oman’s competitive advantages, driven by the private sector towards integration into the world economy and active contribution to international trade; and (iii) achieve inclusive and sustainable development, based on effective economic leadership that operates within an institutional framework of coherent and contemporary economic policies and legislation, to ensure financial sustainability diversifying public revenues. The Sultanate aims to (i) double the per capita share of GDP to reach a 6 percent growth, with non-oil sectors, primarily tourism, logistics, manufacturing, fisheries and mining; (ii) increase the rate of Omani nationals in the private sector to 42%; and (iii) increase foreign investment to 10 percent of GDP.
The document sets out three key themes for the vision (1) People and Society; (2) Economy and Development; and (3) Governance and Institutional Performance. Within these pillars the Sultanate has identified a list of national priorities (i) Education, Learning, Scientific Research and National Talents; (ii) Health; (iii) Citizenship, Identity, National Heritage and Culture; (iv) Welfare and Social Protection; (v) Economic Leadership and Management; (vi) Economic Diversification and Fiscal Sustainability; (vii) Labor Market and Employment; (viii) Private Sector, Investment and International Cooperation; (ix) Sustainable Development in Governorates and Cities; (x) Natural Resources and Environmental Sustainability; (xi) Legislative, Judicial and Audit System; (xii) Partnership and Integration of Roles; (xiii) Governance of the Administrative Apparatus, Resources and Projects.
The Oman Vision aims to a food and water security achieved through renewable resources, advanced technologies, and optimal exploitation of the Sultanate’s strategic location and biodiversity.
To make agriculture more productive and sustainable, the Vision aims to use modern technology in wastewater treatment and use in agriculture and energy production to grow and diversify agricultural production.
To increase the resilience of livelihoods to disasters, main interventions will be directed to promote (i) urban and rural areas and cultural and natural heritage regions that are highly resilient and capable of coping with climate change effects; (ii) renewable energy, diversified sources of energy, and rationalized consumption to achieve energy security; (iii) a green and circular economy; (iv) environmental awareness coupled with the effective implementation of sustainable consumption and production rules; and (v) environmental ecosystems that are of high quality and free from pollution.
As for Governance Oman Vision 2040 exposes a series of actions aimed at (i) composed and trustworthy government decisions; (ii) high quality and high-performance government services; (iii) an effective partnership between the government, the private sector, and the civil society in the various fields of social development; (iv) a regulatory environment and governing legislations that are renewed, flexible, up to date and ensuring equal opportunities; (v) a comprehensive oversight system that protects national assets and applies the principles of accountability; and (vi) transparency and institutional disclosure to ensure the right to access information. Moreover, the Government will identify, every 5 years, sectors that drive economic diversification and other complementary sectors.