THE NINTH FIVE YEAR PLAN

Early 2016 AD, Royal Decree No. (1/2016) was rendered approving the 9th Five Year Plan (2016 – 2020 AD.) and this plan is considered the last stage of the future Vision for Oman`s Economy (2016 – 2020 AD.) and a preliminary step towards the Future Vision (2040). This plan aims at encumbering upon what was completed under the previous Five Year Plan. Meanwhile, it aims at setting the aspects to be taken into consideration in an attempt to realize the pursued goals for Oman Vision 2020 with regard to the economic diversity and the private sector indulgence and participation in the process of Development in the Sultanate of Oman.

Vision 2020

The future vision (Oman 2020) is an approach that guides the Sultanate towards a sustainable and diversified economy. It aims primarily to ensure that the per capita income remains at its 1995 level as a minimum while pursuing to double it in real terms by 2020. The vision aims as well to create favorable conditions for economic progress.

TANFEEDH

Due to the acceleration of the economic, financial and social challenges encountered by the Sultanate of Oman in order to diversify the sources of national economy and achieve the goals and objectives of the 9th Five Year Plan (2016 – 2020 AD.), it was inevitable to launch and initiative to address and cope with these variables.

Therefore, the National Program for Bracing the Economic Diversity (TANFEEDH) broke forth, as this program will address the challenges, difficulties and issues that encounter the government, private and civil parties and bodies towards achieving the goals and objectives of the 9th Five Year Plan (2016 – 2020 AD.), and to develop a detailed road map with the partnership from all walks of the society to put into force the solution and follow up the implementation and completion thereof.

Oman 2040
 
The Royal Directives of His Majesty Sultan Qaboos bin Said stipulate that the future vision “Oman 2040” will be thoroughly developed and precisely formulated in the light of wide community consensus and participation of the different social groups, so that the vision is fully integrated into the economic and social realities and objectively orientated towards the future foresight, as a key guide and reference for planning in the next two decades.
 
For the implementation of the aforesaid Royal Directives, the relevant committees were formed to prepare the future vision “Oman 2040”, including the Main Committee, Technical Committee and the Sectoral committees. These Committees have been divided into the themes of the vision namely; (“People and Society”, “Economy and Development”, “Governance and Institutional Performance”)
 
1. People and Society:
• Enhancing Family and Community Health and Well-being
This pillar aims at enhancing the principle of just and equitable access to health and welling to all the members of the Omani society so that they enjoy social welfare.
• Upholding the Omani Identity and Heritage
This pillar aims at upholding heritage, genuine traditions and the Omani identity built on the tolerant Islamic values, as the basis for the Omanis to deal with globalization and its variables and to interact with other societies of diverse cultures and values.
• Developing the National Technical and Entrepreneurial Capabilities
This pillar aims at empowering citizens and equipping them with a high degree of scientific and practical capabilities and providing them with the capabilities and will required for building a prosperous society capable of coping with the tremendous technological development that affects various aspects of life.
 
2. Economy and Development:
• Creating Wealth through Economic Diversification and Private Sector Partnership
This pillar aims to continue the policy of building a diversified, dynamic, globally interactive and competitive economy that meets the present and future needs of the citizens, in which the private sector has a prominent role.
• Ensuring Balanced Governorates Development
The aim of this pillar is to develop an integrated vision to achieve balanced and sustainable development of the governorates, dilute the economic and social differences between the different governorates and optimize the utilization of natural resources.
• Preserving Environment Sustainability
The objective of this pillar is to ensure that natural resources are protected and used in a safe and sound manner, and to generate economic opportunities utilizing the environment.
• Building World-class Infrastructure and Liveable Cities
The objective of this pillar is to continue to invest in infrastructure including, inter alia, the rail network, information technology and communication networks, enabling the Sultanate to maintain its competitiveness as a logistics hub and a centre for communication between neighbouring countries.
 
3. Governance and Institutional Performance:
• Improving Governance Effectiveness and the Rule of Law
The aim of this pillar is to enhance the effectiveness of governance and the rule of law, improve the efficiency of government agencies, increase coordination among them, and enhance citizens` confidence by creating an institutional framework that enacts laws and practices for defining the links and interactions between the concerned parties and for helping the creation of an effective and transparent accountability system.

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 The BIO is Oman`s central unit for behaviourally informed public policy-making that uses economics and human psychology to improve public policy outcomes. By concentrating on the social, cognitive and emotional behaviour of individuals and institutions, we assist the private and public sector how decisions are framed and conveyed to have positive impacts on behaviour. The mission is to advance the wellbeing of the Omani population by improving the effectiveness of public services and individuals’ decision making.

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Latest News

His Excellency Minister of Economy recieved the Ambassador of South Korea Oman
His Excellency Dr. Said Al Saqri Minister of Economy recieved in his office today His Excellency Kim Chang-Kyu, the Ambassador of South Korea Oman . The two parties discussed the cooperation between the two friendly countries and ways to develop and enhance the economic relations between them.
Ministry of Economy Meets Governors to discuss the Tenth Ten Year Plan
His Excellency Dr. Said bin Mohamed Al Saqri Minister of Economy chaired a meeting today at the Ministry with Their Excellencies Governors to discuss the draft Tenth Ten Year Plan (2021-2025) and its executive position in the presence of His Excellency Sayyid Khalifa bin Al Murdas Al Busaidi Secretary General of the Governorates Affairs at the Ministry of Interior and His Excellency Dr. Nasser bin Rashid Al Mawali Undersecretary of the Ministry of Economy. The meeting which discussed the proposed programs and policies related to the development priorities in the governorates, aims to solidify the partnership between the Ministry of Economy and different governorates, enhance the spatial and sectorial development and augment the role of individual governorates in the economic development in the Sultanate inline with Vision 2040 national priority related to the sustainable development of governorates and cities.

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