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Oman aims for an industrial leap as it outlines strategy aligned with Vision 2040

Oman is gearing up for a transformative leap with its Industrial Strategy 2040, designed to align it with Oman Vision 2040.

TAS News Service

info@thearabianstories.com

Tuesday, August 27, 2024

MUSCAT : Spearheaded by the Ministry of Commerce, Industry, and Investment Promotion, this strategy outlines a quartet of dynamic programs

The first program zeroes in on pioneering new activities and industries by harnessing cutting-edge technologies and attracting significant investments.

Next, the focus shifts to nurturing local innovation. The second program fosters the growth of new, inventive companies and cultivates an environment where Omani innovation can thrive.

Program three is set to elevate the Omani industry to a new level, transforming it into a technologically advanced and internationally competitive powerhouse. However, this initiative will not cover the manufacturing sector, concentrating instead on other key industries.

Finally, the fourth program is the backbone of the strategy, integrating and overseeing the effective implementation of the other three programs.


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