Oman’s “Oman and the World” Media Gathering Highlights Key Achievements and Future Plans
The -day media collecting titled “Oman and the World,” prepared by means of the Ministry of Information, concluded with substantial discussions on the Sultanate of Oman’s achievements and its destiny plans. The occasion introduced together media experts, journalists, and experts from around the world, marking the Sultanate’s celebrations of His Majesty Sultan Haitham bin Tarik’s Accession Day. The accumulating supplied an in-intensity have a look at Oman’s efforts in various sectors, from environmental projects to investment opportunities, showcasing its ambitions for growth and sustainability.
Key Highlights of the Event
The final day of the event featured numerous key subjects, all highlighting Oman’s progress in crucial areas like environmental sustainability, financial improvement, and investment opportunities. A important recognition was at the Sultanate’s environmental tasks, in particular its commitment to achieving a zero-carbon neutrality approach with the aid of 2050. Discussions also touched at the improvement of the nation’s governorates, the strategic function of Sohar Freezone, and funding opportunities in Oman’s business zones.
Qais bin Mohammed Al Yousef, Oman’s Minister of Commerce, Industry, and Investment Promotion, highlighted the nation’s good sized progress over the last 5 years beneath the management of Sultan Haitham. He pointed out that Oman had effectively decreased its public debt from 60% to 30%, keeping its credit score score and making sure its fame as an appealing vacation spot for investment. These accomplishments have been instrumental in positioning Oman as a competitive participant in the nearby and worldwide markets.
Environmental Achievements
One of the maximum distinguished elements of the collection became Oman’s recognition on environmental sustainability. Dr. Abdullah Ali Al Amri, Chairman of the Environment Authority, provided a top level view of Oman’s environmental approach, which specializes in the sustainable utilization of herbal sources, renewable electricity, and the transition to a green and round financial system. This strategy is designed to reply to national wishes whilst aligning with international traits, such as the reduction of greenhouse fuel emissions and addressing the affects of climate alternate.
Al Amri highlighted that Oman had made significant strides in enhancing its environmental performance, noting that the Sultanate ranked 54th globally in the 2024 Environmental Performance Index, a brilliant improvement from its function of 149th in 2022. Additionally, Oman has taken steps to fight pollutants via the status quo of air fine and radiation monitoring stations, as well as advancing recycling efforts for creation waste. The country’s dedication to achieving internet-zero emissions and shielding the surroundings turned into additionally obvious in its adoption of country wide strategies for carbon discount and the sluggish removal of ozone-depleting materials.
Economic and Investment Opportunities
Another key cognizance of the media collecting was Oman’s financial development and investment capacity. Sheikh Hilal bin Said Al Hajri, Governor of A’Dakhiliyah, mentioned the region’s comparative blessings in sectors like archaeological tourism, know-how economic system, and commercial improvement. A’Dakhiliyah, which includes key cultural landmarks like Nizwa Fort and Bahla Fort, is positioning itself as a hub for tourism, education, and innovation. The Governor additionally emphasized the area’s growing business potential, with sizable investments in towns like Nizwa and Samail Industrial City (Madayn), which together house over 300 projects really worth about RO 722 million.
Khalid bin Sulaiman Al Salehi, Director General of Marketing and Commercial Affairs at Madayn, shared the successes of the industrial estates, which have visible speedy increase in virtual infrastructure and investments. The cumulative investment quantity in Madayn expanded from RO 6.6 billion in 2020 to RO 7.6 billion in mid-2024, reflecting a giant economic raise aligned with Oman Vision 2040.
Sohar Freezone: A Strategic Investment Hub
A outstanding function of the event changed into a presentation on Sohar Freezone, a key part of Oman’s strategy to draw foreign funding and stimulate economic boom. Mohammed bin Ali Al Shizawi, Acting CEO of Sohar Freezone, discussed the region’s strategic region and aggressive blessings, which include its get admission to to global markets via Sohar Port, its ease of doing enterprise, and value-powerful operations. The Freezone gives a extensive variety of services, from ship maintenance to logistics and marine offerings, making it an attractive choice for buyers.
The port’s sizable infrastructure and its numerous loose change agreements similarly decorate its appeal to global agencies. Sohar Freezone’s integration with the encircling industries positions it as a key player in Oman’s diversification method.
The Role of Oman Investment Authority (OIA)
Thuraiya Ahmed Suwaidan Al Balushi, Senior Manager at the Oman Investment Authority (OIA), provided an overview of the Authority’s function in fostering economic boom and attracting foreign investments. Established in 2020, OIA is answerable for managing and growing kingdom price range to assist destiny generations. With a portfolio that spans over 30 nations, OIA is actively worried in financing strategic sectors in Oman, helping to construct the country’s long-time period monetary resilience.
The OIA additionally added the Oman Future Fund, which commenced operations in January 2024. This fund ambitions to stimulate the economic system by using investing in bold, high-capacity initiatives inside Oman. With an initial capital of RO 2 billion, the fund will awareness on direct neighborhood initiatives and help small and medium corporations (SMEs), contributing to the diversification and modernization of Oman’s financial system.
Conclusion
The “Oman and the World” media gathering supplied a comprehensive review of the Sultanate’s achievements and future dreams across numerous sectors. From its environmental tasks to its commitment to monetary growth and sustainability, Oman keeps to position itself as a ahead-wondering, dynamic us of a geared up to satisfy global demanding situations. As the Sultanate celebrates His Majesty Sultan Haitham bin Tarik’s leadership and vision, the gathering underscored Oman’s willpower to keep growing its economic system, infrastructure, and worldwide partnerships in alignment with Oman Vision 2040. The occasion highlighted the country’s progress, each domestically and internationally, and set the level for destiny increase and collaboration on the global degree.
