MUSCAT – Oman’s 10th five-year development plan achieved 97% of its targets and programmes by mid-2024, delivering steady economic growth and stronger non-oil performance, Finance Minister His Excellency Sultan Al Habsi said on Monday.
Speaking at the Together Forward forum, Al Habsi said the plan recorded average economic growth of 3.4%, while non-oil activities expanded by 4.1%, reflecting progress in building a more diversified and sustainable economy.
He added that the 11th five-year plan is built on several key criteria, most notably identifying leading economic sectors capable of driving growth, while ensuring job creation for citizens, improving incomes, boosting local content and supporting small and medium-sized enterprises.
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The focus, he said, is on strengthening the foundations of economic diversification while aligning growth objectives with employment and social development priorities.
