MUSCAT : The Ministry highlighted its efforts to enhance Oman’s competitiveness through 14 key indicators. With four national teams working to monitor and improve these indicators, the Ministry is exploring joining the International Institute for Management Development and preparing to include Oman in the World Bank’s ‘Business Readiness’ index in 2025.

Addressing the meeting, H.E. Dr. Said Mohammed Al Saqri, Minister of Economy and Chairman of the National Competitiveness Committee (NCC) stated: “These achievements did not come by chance, but were the result of the efforts of specialized teams that worked at an accelerated pace to improve data, enhance its quality, and update frameworks in line with the requirements of global competitiveness.”

The Ministry has presented over 100 proposed initiatives to boost competitiveness, with more than 80 of these initiatives already implemented. Additionally, over 10 consultations have been provided to government agencies.

H.E. Dr. Saqri emphasized the significant implications of Oman’s improved competitiveness for achieving the goals of Oman Vision 2040. He highlighted the Sultanate’s remarkable progress in various international indicators, such as the Environmental Performance Index and the Index of Economic Freedom.

He explained that Oman has advanced 95 places in the 2024 Environmental Performance Index, reaching 54th place globally after being ranked 149th just two years ago. In the Index of Economic Freedom issued by the Heritage Foundation, it jumped 59 places, reaching 56th place in the world.

These achievements were the result of the efforts of specialized teams who worked at an accelerated pace to improve the data, improve its quality and update frameworks in line with the requirements of global competitiveness.

“This progress does not reflect mere numbers, but rather shows profound implications. First, we are moving confidently towards achieving the ambitious goals of Oman Vision 2040. Second, integrated work is a comprehensive approach to improving performance and developing various sectors. Third, the development policies and programs it implements take into account Oman’s position within a global competitive framework, and work to achieve national development priorities,” the Minister stated.

These achievements are attributed to the dedicated efforts of specialized teams that worked tirelessly to improve data quality and update frameworks in line with global competitiveness standards. The Minister emphasized that these improvements not only reflect numerical advancements but also demonstrate Oman’s confident progress towards realizing the ambitious goals of Oman Vision 2040.

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