Programme to woo private investments launched

Programme to woo private investments launched

Muscat: At the behest of His Majesty Sultan Haitham Bin Tarik, a programme to attract private investments and support Omani exports in foreign markets was launched on Sunday during the first meeting of the supervisory committee tasked with this special programme. Held at the Diplomatic Institute, the meeting was chaired by Qais Mohammed Al Yousuf, Minister of Commerce, Industry and Investment Promotion, in the presence of Dr. Khamis Saif Al Jabri, Head of Oman Vision 2040 Implementation Follow-up Unit. The programme is one of the accelerators of the first phase of Oman 2040 and it is closely associated with the themes of "economy and development" and "fiscal sustainability". It is a stimulator par excellence in the national economy support scheme. The programme focuses on empowering the private sector to take the helm of economic development, a core objective of the Tenth Five Year Plan (2021-2025). The Council of Ministers' financial and economic committee will supervise this programme, whose launch was flagged by the Ministry of Commerce, Industry and Investment Promotion in cooperation with the Oman Vision 2040 Implementation Follow-up Unit and the Ministry of Economy. The programme's indicators will be listed under the banner of performance indicators of the Follow-up