Anchored in the strategic aims of the Economic Diversification and Fiscal Sustainability priority within Oman Vision 2040, and building on prior diversification efforts, the National Economic Diversification Program (Tanwea’a) seeks to empower non-oil economic sectors to achieve their intended contributions to the Gross Domestic Product. The program further endeavors to enhance interlinkages across different sectors of the national economy, fostering greater integration, resilience, and value creation.
In addition, Tanwea’a addresses the challenges facing economic diversification sectors by developing phased solutions and initiatives that contribute to achieving the desired growth targets. The program focuses on five priority sectors: manufacturing, food security, tourism, mining, and transport and logistics.
Integrated
Economic
Clusters
Policies
The economic diversification policies reflect a set of national directions that define broad strategic pathways and require an array of tools, mechanisms, and actions to achieve specific economic goals. These policies are intended to stimulate economic growth, generate new employment opportunities, and reduce dependence on sectors that are vulnerable to global economic fluctuations. The adopted policies are as follows:
Initiatives
The economic diversification initiatives constitute focused programs and quick-impact actions aimed at improving the overall economic performance of the Sultanate of Oman. Encompassing a range of sectors, these initiatives are considered essential drivers of economic progress and enhancements to quality of life. They are designed to stimulate economic growth and generate new employment opportunities by supporting small and medium-sized enterprises and encouraging investment in emerging and diversified sectors. These initiatives include: