Undersecretary of Ministry of Economy issues press statement

Undersecretary of Ministry of Economy issues press statement

Muscat: Undersecretary of the Ministry of Economy, H.E Dr Nasser bin Rashid Al-Maawali issued a press statement on the 50th Glorious National Day. In the statement, he said, "When celebrating the 50th Glorious National Day, the Sultanate is celebrating half a century of its Blessed Renaissance. This Renaissance was initiated by His Majesty late Sultan Qaboos bin Said – may Allah rest his soul in Paradise and is now continuing under the wise leadership of His Majesty Sultan Haitham bin Tariq. The results of this Renaissance have directly reflected on the economic and social development processes.""The principles of the Blessed Renaissance relied on the Sultanate's real wealth, the Omani man, who is the core and target of the development process. To turn this principle into reality, investments have continued to be made in the Omani people since the early seventies to develop the education and training systems. Policies and programs aimed at providing Omanis with knowledge, skills and experience have also been initiated. The Sultanate has paid great attention to the health and intellectual dimension of the Omani people.""The Omani economy has gone through several developmental stages. It has developed from a subsistence-based economy to an economy of abundance and growth.