Despite pandemic, Oman’s Tanfeedh plans make progress

Despite pandemic, Oman’s Tanfeedh plans make progress

The National Programme for Enhancing Economic Diversification (Tanfeedh) is an economic initiative started to ensure both public and private sectors have a part in the government's economic diversification plan as fixed by the Ninth Five-Year Plan in line with Oman's Vision 2040. Muscat: Despite COVID-19 pandemic, the projects and initiatives under Oman's Tanfeedh plans have shown robust progress in achieving the key performance indicators (KPIs), the Economic Diversification Report 2020 reveals. The National Programme for Enhancing Economic Diversification (Tanfeedh) is an economic initiative started to ensure both public and private sectors have a part in the government's economic diversification plan as fixed by the Ninth Five-Year Plan in line with Oman's Vision 2040. This report helps in preparing the targeted economic sectors to cope with the requirements of Oman Vision 2040, and accelerate the economic diversification through identifying methodologies that include implementing projects and initiatives, and finding solutions to the challenges they are facing. In order to reduce the dependence on the oil sector, Tanfeedh had identified several sectors like manufacturing, logistics, tourism, labour market and employment, business environment, fisheries, energy, mining and information and communication technology (ICT). The report further elaborates on the progress made by these sectors. ManufacturingDespite