New country report to map out Oman’s plans for diversifying economy and driving sustainable growth

New country report to map out Oman’s plans for diversifying economy and driving sustainable growth

Muscat: Oman’s efforts to attract investment for key sectors of the economy identified as ripe for growth will be explored in a forthcoming report by the global research and advisory company Oxford Business Group (OBG).

The Report: Oman 2022 will highlight the Sultanate’s plans to enhance its business environment and diversify the economy, in line with the targets outlined in its Vision 2040 roadmap, which has sustainable development at its core.

There will be in-depth coverage of the areas of the economy earmarked for expansion, with logistics, mining, fisheries, agriculture, manufacturing and the shift to a knowledge-based innovative society among those set for analysis.The report will also look in detail at Oman’s bid to nurture its downstream industries and broaden the energy mix, as part of the country’s diversification strategy and drive to ensure new growth is sustainable.

OBG has agreed to a first-time memorandum of understanding (MoU) with the Ministry of Commerce, Industry and Investment Promotion (MOCIIP) as it begins work on The Report: Oman 2022. Under the agreement, MOCIIP will team up with OBG to produce the Group’s first post-pandemic analysis of Oman’s investment opportunities and economic development, and other related content.

The MoU was agreed upon by Dana Carman Agarbicean, Country