Oman reviews five years of Vision 2040

Muscat: Oman Vision 2040 reviews the country's development progress over the first five years of implementation (2021–2025), highlighting major economic, legislative and institutional changes, alongside key projects and initiatives undertaken in 2026.

The first-quarter report outlines how these efforts have helped expand productive and service capacities, strengthen development across governorates and improve public services. It also assesses the performance of national indicators, identifies emerging opportunities and challenges, and examines the requirements for the next phase of implementation.

The report is structured into four interconnected chapters, beginning with projects and six major transformations driving the vision. These include legislative reform; national capacity development and quality of life; the economic development model; the transition towards a knowledge-based economy; redefining the roles of government, the private sector and civil society; and decentralisation and balanced development across governorates.

The second chapter focuses on the governorates, highlighting their economic potential, projects and changes in local activities and services. The third examines national indicators and the progress made towards achieving the vision's targets.

The final chapter looks ahead by analysing global developments, identifying the opportunities and risks they present, and assessing Oman's readiness to respond to them.

On the economic front, Oman's real GDP growth recovered from a contraction of 3.4 per cent in 2020 to growth of 2.4 per cent in 2025, with average annual growth reaching around 3.2 per cent between 2021 and 2025. This reflects the economy's return to a growth trajectory following the impact of the Covid-19 pandemic.

The size of the economy also expanded, with GDP at constant prices rising from RO34.48 billion in 2021 to RO39.29 billion in 2025, an increase of around 13.9 per cent.