In line with Oman Vision 2040, Shaikh Hilal bin Said bin Hamdan al Hajri, Governor of Al Dakhiliyah, has launched several projects to foster development and growth in the governorate.
The core objective of this initiative is twofold: to translate Oman Vision 2040 into reality while also contributing to the economic advancement of Al Dakhiliyah Governorate by harnessing its human resources. It endeavours to generate 30,000 to 35,000 sustainable job opportunities and attract substantial investments and heavy industries to the area. Achieving this goal entails the establishment of an industrial zone dedicated to heavy industries and optimising the region's natural resources.
Moreover, the Adam Air Base airport will be harnessed to serve as a pivotal aviation gateway for the region. Additionally, the initiative focuses on aligning higher education outcomes with the demands of the private sector, fostering collaboration between universities from the initial stages to full implementation.
To ensure the practical implementation of the initiative, viable mechanisms have been introduced, including the creation of the Oman Al Dakhiliyah Investment Fund with a capital of RO 300 million.
The fund is set to contribute 10 per cent to 15 per cent of the share capital of companies established for project execution. Residents of the Al Dakhiliyah Governorate will have the opportunity to participate in the fund, contributing approximately 25-35 per cent of its capital. Contributions from external companies, investment funds, and individuals outside the governorate, as well as Gulf and international investment funds, will constitute the remaining shares, available for public subscription. Each company formed through this initiative will function as an independent and separate entity, listed on the Muscat Securities Market.
The initiative encompasses a diverse range of sectors, including oil, gas, and minerals, petrochemical and plastic industries, airports (Adam Airport), industrial zones dedicated to heavy and transformative industries, agriculture, tourism, logistics, medical industries, and rare earth metal industries.
The governor emphasised that Oman Vision 2040 is committed to achieving balanced development, concurrent with the demands of economic growth, while also preserving the region's natural and cultural heritage. It strategically seizes available opportunities to enhance economic competitiveness, making it a paramount priority of the vision.
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