National diversification programme launched
Tanweea focuses on two tracks
Published: 05:08 PM,Aug 17,2022 | EDITED : 09:08 PM,Aug 17,2022
MUSCAT: Acting in cooperation with Oman Vision 2040 Follow-up Unit, the Ministry of Economy has launched a national diversification programme code-named 'Tanweea' (diversification), a flagship component of the 10th Five-Year Plan (2021-2025).
Dr Said bin Mohammed al Saqri, Minister of Economy, said, “Tanweea comprises a set of procedures aimed to speed up the rate of economic diversification in the Sultanate of Oman.”
The programme seeks to enhance frontline and rear-line connections among economic sectors, with a view to expanding the base of production and export and empower economic sectors that contribute to non-oil revenues.
Dr Said told Oman News Agency (ONA) that the programme operates along two tracks - a planning track and an executive track. “The planning track focuses on shaping initiatives, studies and research, conducts financial and economic analyses and develops a risk management system. The executive track operates in connection with establishments dealing with specific diversification sectors - mining, transport, logistics, foodstuff and tourism,” he added.
The minister said he expects the programme to come up with plenary economic diversification policies, incentive packages and the development of detailed national indicators that will bring about a transformation in the overall vision.
on his turn, Mohammed bin Hamad al Hashmi, Executive Manager of Tanweea, said that the programme seeks to achieve target percentages in the sectors of mining, tourism, converting industries, transport, logistics and food security. It also harmonises all strategies and national goals of the 10th Five-Year Plan and Oman Vision 2040. -- ONA
Dr Said bin Mohammed al Saqri, Minister of Economy, said, “Tanweea comprises a set of procedures aimed to speed up the rate of economic diversification in the Sultanate of Oman.”
The programme seeks to enhance frontline and rear-line connections among economic sectors, with a view to expanding the base of production and export and empower economic sectors that contribute to non-oil revenues.
Dr Said told Oman News Agency (ONA) that the programme operates along two tracks - a planning track and an executive track. “The planning track focuses on shaping initiatives, studies and research, conducts financial and economic analyses and develops a risk management system. The executive track operates in connection with establishments dealing with specific diversification sectors - mining, transport, logistics, foodstuff and tourism,” he added.
The minister said he expects the programme to come up with plenary economic diversification policies, incentive packages and the development of detailed national indicators that will bring about a transformation in the overall vision.
on his turn, Mohammed bin Hamad al Hashmi, Executive Manager of Tanweea, said that the programme seeks to achieve target percentages in the sectors of mining, tourism, converting industries, transport, logistics and food security. It also harmonises all strategies and national goals of the 10th Five-Year Plan and Oman Vision 2040. -- ONA