author - oman observer

Like many resource-rich countries, Norway faced a dilemma upon discovering oil in the North Sea during 1969: Would black gold bring long-term prosperity or lead to the infamous resource curse which...

The Oman Vision 2040 includes strategic positioning such as improving the use of human resources, innovation, and institutional development. ICV further these objectives by including local human...

The Sultanate of Oman is undergoing a significant economic transformation, driven by its Vision 2040 strategy that emphasizes diversification, innovation, and sustainability. Central to this...

Oman 2040 strives to dynamically shift the limb of Oman’s economic structure towards a diverse knowledge-based economy alongside social development. Another goal is to fulfill the objectives of...

Oman is strategically located next to the United Arab Emirates, KSA and Yemen, forming a boundary for the Sultanate of Oman along the Arabian Peninsula. Combating environmental challenges while...

With Oman’s ICV scheme evolving from a focus on oil and gas to a more encompassing initiative aimed at increasing domestically driven economic activity, strengthening local infrastructure, investing...

Oman has embarked on a transformative journey to diversify its economy and reduce dependency on oil revenues. Central to this vision are two pivotal initiatives: Omanisation and In-Country Value...

Oman's Vision 2040 has provided a roadmap to achieve a diversified and knowledge-based economy. In-Country Value (ICV) — a national development strategy to maximize the economic value retained...

The Sultanate of Oman has embraced In-Country Value (ICV) development as one of the cornerstones of wealth retention in the economy and continues to seek methods for economic diversification. Taking...

With the new Vision 2040, Oman's ICV has evolved into a cornerstone of sustainable growth, enabling further progress. Historically focused on the oil and gas industry, the ICV initiative aims to...

Recognized as the Sultanate of Oman, the nation is known for its tourism potential due to the diversity of its natural landscapes and flora, as well as rich culture. Oman is now making concerted...

The In-Country Value (ICV) system is perhaps the most important strategy in promoting sustainable growth and development in agriculture, fisheries and water.The strategy aims to capitalise on the...

The Sultanate of Oman is positioned strategically on the Arabian Peninsula and has made fantastic progress over the last few decades in diversifying its economy. Oman is slowly moving away from being...

Environment, social, and Corporate Governance (ESG) has become an important variable for measuring sustainability and social impact of businesses and investments. With the growing economy and Oman...

Industry 4.0, often termed the Fourth Industrial Revolution, has profoundly deepened the shift in economies of the world by making businesses operate, manufacture and service in a distinct ways. Every...

Where Oman differs from many other nations is the work it is doing towards integrating sustainable practices within the enterprise ecosystem. As part of Vision 2040, Oman is working to enhance...

A country famous for its culture and ideal location, Oman is putting in place strategic plans to aid in economic diversification aimed at lessening its reliance on revenue from oil and gas. And to...

Economic diversification is a critical goal within every nation whose revenue generation is over reliant on a single sector. Similar is the case with Oman, which previously focused on oil exports, but...

Oman Industry Day is observed annually on February 9 to highlight the contributions of the industrial sector to the nation’s economy. This day celebrates the progress of Oman’s multifaceted...

As with many countries, the industrial sector of Oman has important benefits as well as plays a key role in the growth and development of the economy. To the end, the government has made significant...