Oman Vision 2040 serves as the strategic roadmap for the Sultanate’s future, guiding economic diversification, social development, and environmental sustainability.

This ambitious plan aims to transition Oman into a globally competitive, knowledge-based economy while ensuring prosperity and well-being for its citizens.

The vision is centered on five key objectives:

• Economic Diversification: Expanding non-oil industries such as manufacturing, logistics, tourism, fisheries, and renewable energy to reduce reliance on hydrocarbons.
  
  
• Private Sector Development: Encouraging entrepreneurship and increasing private sector contributions to GDP through policy reforms and investment incentives.
  
  
• Omanization: Enhancing the participation of Omani nationals in the workforce by upskilling talent and promoting localization across key industries.
  
  
• Governance Excellence: Strengthening institutional frameworks, transparency, and digital transformation to improve government efficiency and competitiveness.
  
  
• Environmental Sustainability: Implementing eco-friendly policies to balance industrial growth with environmental conservation efforts.

Oman’s Economic Progress and Latest Statistics 

• Oman’s GDP is projected to exceed $100 billion by 2025, with non-oil sectors contributing over 40% to the economy.
  
  
• The Oman Investment Authority (OIA) is leading major initiatives to attract $50 billion in foreign direct investment (FDI) by 2040.
  
  
• Oman’s renewable energy sector aims to generate 30% of total electricity from clean energy sources by 2030, positioning it as a leader in sustainable development.
  
  
• The Omanization rate in key sectors such as banking and telecommunications has surpassed 90%, while efforts continue to localize jobs in engineering, logistics, and technology.