The national indicators of “Oman Vision 2040” improved, supported by the rise in oil revenues

The follow-up unit emphasizes work to verify the effectiveness of the indicators and evaluate the path of their performance

Photos – Saleh Al-Sharji –

The national indicators of “Oman Vision 2040” saw an improvement in their performance in 2021, due to the rise in oil prices, which in turn led to an increase in oil revenues and the movement of economic activities that depend on it , in addition to the gradual recovery of economic activities following the decline of the Covid 19 pandemic.

This is according to the annual report reviewed by the Follow-up Unit for the implementation of “Oman Vision 2040” during a media meeting held on Wednesday at the W Muscat Hotel.

The unit is currently working on reviewing all Oman Vision 2040 indicators, verifying their effectiveness in measuring and evaluating the path of its performance, and coming up with clear targets for every five years, in addition to defining the objectives. of relevant government institutions and vision indicators.

The data reviewed at the meeting indicated that the Global Innovation Index rose by eight positions to reach the 76th position in 2021, compared to the 84th position in 2020.

The Environmental Performance Index saw a slight improvement in 2020 compared to 2018.

While the Global Governance Index dropped to 88th place in 2020 compared to 81st in 2017. This is before the restructuring of the state’s administrative apparatus in the second half of 2020, which could play a positive role in improving the index in the next update.

The indicator of the contribution of non-oil sectors to GDP showed a decrease due to the significant increase in the contribution of oil activities.

His Excellency Dr. During the meeting, Khamis bin Saif Al Jabri, Head of the Follow-up Unit for the Implementation of “Oman Vision 2040”, emphasized the importance of the role of the media in informing the community about what has been achieved in the “Oman Vision 2040”, explains that the unit seeks to increase the reception of contributions through its website.

The unit has launched a number of national programs that are short- or medium-term intensive tools formulated based on the requirements of the stage and the objectives of the five-year development plans, such as the National Financial Sustainability Program, the National Program for Financial Balance, Our Pride for Investment and Export Development Program, the National Employment Program, and the Digital Transformation Program.

She said the national financial sustainability program is being developed, which focuses on ensuring the sustainability of the profits of the Tawazun program, strengthening the role of the banking sector and the money market in finding flexible financing solutions, and developing of an economic diversification program with a focus on deepening the intertwining of economic sectors, and improving economic planning mechanisms.

Khalid bin Saeed Al Shuaibi, head of the National Investment and Export Development Program “We Prosper,” said the number of initiatives launched by the program to ensure the readiness of the investment system reached 124, including 59 empowering initiatives, 46 in investment. projects, and 19 in investment opportunities.

The “Nizour” program is one of the largest national programs in terms of the number of projects reaching 135 projects listed on the control panels.

The program management office has been activated to enable the program with investment teams specialized in guiding the investment system by developing investment trends for the economic sectors, improving the business environment, addressing the challenges it faces and providing appropriate mechanisms. developed to improve it.

The program’s initiatives and projects are divided into two main tracks: the business environment, and the investment sectors, which include energy, mining, manufacturing, transportation, aviation, tourism, information and communication technology, and food security.

For his part, dr. Badr bin Hamoud Al Kharusi, head of the development team for the national employment program, states that the program aims to find sustainable employment solutions and jobs for Omani’s by expanding the local market and increasing the quality of opportunities.

The National Employment Program works to identify each component of the operating system and to analyze the twists and turns that require focused solutions to overcome, either in relation to the jobseeker’s career and in parallel with the entrepreneur’s career path, or in relation to the road. of finding the job and the stages it goes through, and diagnosing The mechanisms of liaison between the two sides of the job seeker and the job, to achieve sustainable solutions, and the program’s initiatives and projects fall under two tracks: the economic, and the building of national capabilities.

Engineer Abdul Aziz bin Abdul Rahman Al Kharusi, director of the government’s digital transformation program, indicated that approximately 159 million Omani riyals were saved after the proposed budgets of government institutions were reviewed within the plan of the digital transformation program 2021-2025.

The government’s digital transformation program includes in its operational plan more than 50 state institutions, and works to improve the efficiency of state institutions and find innovative solutions characterized by smoothness, transparency and creativity, and contribute to the improvement of the work environment by simplifying business models and creating channels and tools that make optimal use of the accelerating technical changes.

The program has identified 4 practical tracks that help achieve the program’s vision and national orientations, by defining the strategic objectives and appropriate initiatives for each track. These careers included excellence in digital services, efficiency in infrastructure and digital solutions, empowerment of national capabilities and change management, community participation and awareness of electronic services. .

The National Financial Sustainability Program is involved in the development of the financial sector by developing initiatives and projects aimed at developing and strengthening the role of the banking sector and financing solutions, and strengthening the role of the money market in financing and investment, to integrate financial, monetary and economic policies The financial sector is one of the key enablers needed for economic growth, which is a major requirement for investment growth and the economy, which will improve the sustainability of public finances and continuity in all development programs will ensure. .

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