Two-track approach to drive Oman Vision 2040 delivery

MUSCAT: Omani officials outlined a two-track approach to accelerate implementation of Oman Vision 2040, linking fiscal stabilisation, stronger delivery monitoring and private-sector empowerment to the next phase of national development.
The remarks came during a panel session titled “Oman Vision 2040: Achievements and Future Prospects” at the fourth edition of the “Together We Progress” forum, organised annually by the General Secretariat of the Council of Ministers in line with directives to strengthen communication between the government and society, listen to public views and proposals; and support comprehensive national development. The forum runs for two days and includes a series of dialogue and discussion sessions across priority themes.
His Highness Sayyid Theyazin bin Haitham al Said, Deputy Prime Minister for Economic Affairs, patronised the opening of the forum.
Dr Khamis bin Saif al Jabri, Minister of Economy, said the Vision’s implementation journey reflects shifts that could be studied through project and programme management, noting that the Vision was launched under difficult economic conditions rather than an “ideal start” — a context he said helped strengthen credibility and seriousness in confronting challenges.
Al Jabri said execution required work on two parallel tracks: first, addressing financial conditions to reach economic stability and balance; second, building a comprehensive follow-up framework to enable phased implementation of the Vision through clear stages.
He described the private sector as the main engine of the national economy, but said it needed additional enablers to lead development. He pointed to a national programme launched to empower the private sector by diagnosing challenges and introducing initiatives to strengthen its role.
Al Jabri added that the difference between traditional five-year plans and the Oman Vision 2040 development pathway lies in the Vision’s focus on “qualitative transformations” in development performance, particularly in delivering projects across governorates and raising implementation efficiency.
In the same session, Dr Said bin Mohammed al Saqri, Economic Adviser at the Office of the Deputy Prime Minister for Economic Affairs, said effective leadership and economic governance were a key pillar of the Vision, highlighted by the creation of the office to provide top-level strategic oversight of the economy, supervise economic policies and strategies; and follow up on Vision implementation.
Al Saqri said Oman’s economy is influenced by major global shifts — including the transition towards renewable energy, rapid developments in artificial intelligence, geopolitical changes and demographic transformations — adding that Oman is working to anticipate these trends, develop scenarios to manage their impact and maximise the opportunities arising from them.