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🇴🇲 Oman Economy

Oman makes room for new kinds of work

Oman Vision 2040 sets out plans for jobs, public services, and care for nature. More kinds of business are part of that future.

People walking through an Omani-inspired coastal town with a public bus and mountains beside the sea.
A fictional editorial view of daily life, transport, and local services.

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A plan with a long view

Oman Vision 2040 is a national plan. It covers the years 2021 to 2040. The plan gives the country a direction for its future. It includes people's lives and the economy. Business activity affects the work people do and the money they earn.

The government uses the vision to make shorter plans. Each of these plans covers five years. This gives the work smaller steps.

Three technicians operating equipment and inspecting metal components in a small manufacturing workshop.
A fictional editorial view of skilled work, production, and quality checks.

More ways to earn money

Oman wants more kinds of business. Oil and gas are important to its economy. The country also wants other ways to earn money. Factories make goods, and tourism brings visitors. Digital businesses use computers and online services.

These three areas are central to the plan for 2026 to 2030. The plan aims for growth in these areas. The government wants them to grow, but the work takes time.

A local guide walking with three visitors through an Omani-inspired historic quarter near the mountains and sea.
A fictional editorial view of guiding, hospitality, and services for visitors.

Work beyond one company

A business needs people with skills. Workers use their skills to help businesses produce and sell goods. The vision includes jobs and skills. It also gives private businesses a large part in the economy.

Private businesses can work with other companies. A small company can sell goods to a larger one. This is one way for work to spread. The vision supports links between small and large businesses.

Places to live and work

The vision includes different parts of Oman. It supports development in towns and rural areas. Local communities have a place in the plan. The vision supports their role in setting local priorities.

Transport is part of this work. Roads and other transport links help people move between places. The vision calls for transport that people can reach easily. It also includes public services in places where people live.

Care for water and energy

New businesses need water and energy. The vision includes care for natural resources. Companies need these resources as their activities grow.

The World Bank describes work with Oman on clean energy and using less water. It also names tourism and transport in its work with the country. These areas can connect. A growing business uses resources, so the way it uses them matters too.

A direction and work ahead

The government's plan brings business and everyday life together. It aims to create more work and support a better life. Companies, government, and communities all have a part.

Oman issues reports on the vision's work and results. Progress can then be compared with the aims in the plan. The country still needs useful changes for people, made by businesses and government.

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Words worth knowing

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national

Think about how far the plan reaches beyond one town.

future

Look at the years the plan is working toward.

economy

Follow the link between people's work and what businesses sell.

government

Look for who turns the vision into five-year plans.

growth

Compare the businesses Oman has now with what it wants next.

factories

Follow the goods back to the places that produce them.

tourism

Think about why people come to Oman for a visit.

skills

New machines still need people who know how to use them.

private

Notice how these businesses differ from the public bodies in the plan.

rural

The article pairs these areas with towns.

resources

Water and energy are the examples to keep in mind.

results

Compare the plan's aims with what the reports say happened.

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