Oman Empowered to Become a Competitive Investment Destination

Muscat:  The National Programme for Investment and Exports Development (Codenamed “Nazdahir”) figures high among national programmes aimed at accelerating economic development within the context of Oman Vision 2040.

The programme seeks to enhance national efforts for attracting investments and establish a motivating environment for investment and exports development during the 10th Five Year Plan (2021-2025).

Khalid Said Al Shuaibi, Head of the National Programme for Investment and Export Development, told Oman News Agency (ONA) that the programme aims at empowering Oman to become a competitive destination for investment and an active business environment in the global business arena.

The objective is envisaged to be achieved by developing investment partnerships between Oman and local and international business communities, said Al Shuaibi, adding that the programme leads the development of an interconnected system to attract investment based on the objectives of Oman Vision 2040.

The working team of the programme launched 10 initiatives to ensure the readiness of the investment system and check its compatibility with all relevant legislations, said Al Shuaibi.

He pointed out that the programme focuses on many investment sectors, including logistics, aviation, energy, food security, mining, communications, information technology, tourism and converting industries. In addition to investment opportunities that were developed in the fields of health, education, culture, youth and sports.

As many as 167 initiatives were listed in the programme’s indicators panel, said Al Shuaili, noting that the programme is currently focusing on 15 priority projects in the tourism, mining, converting industries, food security and the aviation sector.