MUSCAT — His Highness Sayyid Theyazin bin Haitham Al Said, Deputy Prime Minister for Economic Affairs, called for stronger economic growth, particularly in Oman’s non-oil sectors, as he chaired a meeting of the Council of Ministers’ Financial and Economic Committee on Wednesday.
Sayyid Theyazin stressed the need to increase the use of local goods and services and improve the business environment to attract investment and raise productivity, the Oman News Agency reported. He also called for strengthening Oman’s position in regional and global trade and investment.
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He directed government agencies to coordinate their efforts to carry out His Majesty Sultan Haitham bin Tarik’s directives more quickly and respond to changing economic conditions. He called for clear timelines for economic programmes and regular monitoring of progress against their targets.
The committee also discussed a study on incentives and other support for planned pharmaceutical and medical device manufacturing clusters in Oman’s economic and free zones. His Majesty the Sultan has endorsed the establishment of the clusters.
