Oman Vision 2040: An Outcome of Omani Leaderships’ deep love for their country III

Oman’s Health Policy has significant objectives to be achieved by implementing Vision 2040. They are:
v A healthy society free of diseases and health risks and hazards , where health is the responsibility of all
v A decentralized healthcare system operating with quality, transparency, fairness, and accountability.
v Diversified and sustainable funding sources for the healthcare system
v Qualified national talents and capabilities leading scientific research and innovation in healthcare
v Technology driven medical systems and services and high-quality preventive and clinical healthcare across all levels.


Economic Development a Top of the priorities
No country can survive, develop, prosper unless its leadership understands and keeps economic development at the top pf its agenda. The role that a stable economic leadership and management will play is to set and align the fiscal, monetary, rade, investment, industrial and labour market policies in such manner so as to contribute to the development and implementation of economic plans, programmes and projects in line with the strategic directions. Furthermore, the national priorities shall constitute a framework for this leadership, building on the Sultanate’s comparative advantages, and keep abreast of economic and technical developments. The presence of empowered and renewed economic leadership at the top of a clear economic structure a leadership that is capable of steering the national economy will help to improve the effectiveness and efficiency of the regulatory ecosystem; eliminate overlaps between organizational roles; shoulder officials in implementing policies and coordinating between institutions; and enhance governance practices so that the private sector can be confident about commitment to the declared economic policies and aware of the nature of upcoming Transformations.
Objective of Economic Policies
o A reference entity empowered to achieve the objectives of economic development, social justice and environment
o Senior Management with continually renewed capabilities to keep up with market dynamics, forecasts and fast-developments
o Effective Economic leadership with binding powers and a clear development needs on the basis of well-defined performance indicators.
o Solid and effective economic legislative framework that keeps abreast with the contemporary developments
Economic Diversification
The Omani economy is heading towards a robust base of economic diversification that relies on economic diversification with focus on technology, knowledge and innovation. It also aims at reinforcing upstream and downstream integration among economic sectors to expand the production and export base, diversify trading partners, deepen investment in high value-added sectors, to the GDP. Achieving this diversity and integration and creativity, promoting entrepreneurship, along with preparing a fertile legislative and incentives ground. The competitiveness of the Omani economy will, therefore increase both regionally and globally and the growth rates will improve and stabilize in a sustainable manner. An integrated framework of insightful socio-economic policies should precede to guarantee macroeconomic stability and fiscal sustainability as top priorities, in addition to the optimal utilization of natural resources. A future Omani economy that embraces technology, knowledge and innovation will allow for the production of competitive products and services with higher knowledge and technology components. Consequently. This will contribute to developing the economy and enhancing its competitiveness in most sectors and activities such as tourism, education, and manufacturing, including oil and gas-based industries. Innovation will be new engine of growth but will be closely dependent on appropriate infrastructure and educational system that encourages entrepreneurship. The New economy will capture global trends in technology, innovation and industrial revolutions in order to keep up with and incorporate such trends in the national plans and programmes in a safe knowledge and technology-based environment that ensures transformation to technology, knowledge, and innovation-based economy. The desired economy should be able to achieve inclusive and sustainable development, create an attractive business environment for all and increase exports in sectors with high technical and value-added components.
Economic Development Policies objectives
§ To identify, every five years, sectors that drive economic diversification and other complementary sectors
§ A regulatory environment and governing legislations that are renewed, flexible up to date and ensuring equal opportunities
§ Advanced based an IT infrastructure that empowers all sectors, and is capable of keeping pace with the latest developments and cyber security challenges. A research and development ecosystem spanning the various sectors and institutions.
§ A competitive, diversified and integrated economy based on foresight, innovation and entrepreneurship
§ Informed, integrated and sustainable fiscal, monetary and economic policies and budget that ensures effective use of public revenues.
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