Muscat: The Sultanate of Oman has scored high in the key sectors of the World Economic Forum, The Future of Growth Framework, which was previously called the 'Global Competitiveness' Report
As per the report, Oman scored highly in energy source diversification (92.4), Rural-urban electricity gap (100), individuals using the internet (96.4), mobile network coverage (97.9), and old-age dependency. (92.1), cybersecurity index (96), environmental treaties (82.8), access to safe drinking water (90.8), policy vision to stability (77), access to financial services (75.2), and financial system resilience (75.4).
It may be noted that the Sultanate of Oman had 563.700 fixed internet subscribers at the end of 2023, six million active mobile broadband Internet subscriptions, and 6,
984, 826 mobile subscriptions.
It may be noted that the Framework aims to contribute to a paradigm shift in assessing economic growth by adopting a multidimensional approach, focusing on the quality, balance, and alignment of growth with broader global and national priorities.
The framework therefore captures the character of a country’s growth by qualifying performance across four areas essential to driving more balanced growth: innovation, inclusion, environmental sustainability, and systemic resilience.
The Future of Growth Framework will serve as the basis for the work of the World Economic Forum’s Future of Growth Initiative, using this framework as a foundation, a two-year effort to foster dialogue between policymakers, business leaders, and academics on charting new economic growth pathways.
The global resilience pillar average is 52.8, with more moderate outcome differences across country income groups compared to the Innovation and Inclusion pillars.
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