Oman achieves remarkable progress in several global indices
Muscat: The National Competitiveness Office has released the third annual report on Oman Competitiveness 2024, highlighting the Sultanate's performance in various global indicators.
The report reveals that Oman has achieved remarkable progress in several global indices. The most notable leap was in the Environmental Performance Index, where Oman climbed 94 places, securing the 55th rank out of 180 countries.
Additionally, Oman has been ranked first globally in several sub-indicators, including marine protection stringency, growth rate of black carbon emissions, and bottom-trawl fishing within the exclusive economic zone.
Oman also advanced 39 spots in the Heritage Foundation's Economic Freedom Index, reaching the 56th rank globally.
The country's economy is now classified as 'moderately free,' compared to its previous status as 'mostly unfree.'
This improvement is reflected in higher scores in key sub-indicators such as government spending (rising from 59.4 to 70.8 out of 100), investment freedom (from 60 to 70 out of 100), and financial freedom (from 50 to 60 out of 100).
Among the most notable advancements is the Network Readiness Index, where Oman moved up four positions, ranking 50th globally.
The country excels in sub-indicators such as government promotion of investment in emerging technologies (ranked 9th globally), gender gap in internet usage (ranked 11th globally), and ICT skills in education (ranked 23rd globally).
According to the Future Growth Index, Oman scored 50.59 out of 100, surpassing the global average. Furthermore, Oman ranked first globally in sub-indicators such as ICT capital (in US dollars) and electricity access in rural areas.
In Global Governance Indicators, Oman made progress in most categories, particularly those aligned with Oman Vision 2040.
The country recorded 70.2 out of 100 in the Rule of Law Index, 66.5 in Regulatory Quality, and 62.2 in Government Effectiveness.
Dr. Salim bin Abdullah Al Sheikh, spokesperson for the Ministry of Economy, emphasised that the National Competitiveness Office continues to monitor Oman's position in key international rankings.
He noted that these indicators receive global attention from thousands of individuals and organisations.
Speaking to Oman News Agency, Dr. Al Sheikh stated: "The office is actively working with national teams to strengthen Oman's position in global indices through various programs and initiatives, while addressing challenges that may arise."
Oman's continued efforts in improving competitiveness reflect its commitment to achieving sustainable economic and developmental progress on a global scale.
The report aims to increase awareness among the local community about international rankings, serving as a reference for government and private institutions, as well as researchers interested in Oman's positioning compared to other nations.
It also identifies the most advanced countries in specific indicators to guide efforts in enhancing Oman's competitiveness.
© Muscat Media Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
9 hours ago
- Zawya
SalamAir enhances distribution strategy via Sabre partnership
Sabre Corporation, a leading global travel technology company, has announced a new agreement with SalamAir, Oman's leading low-cost carrier under which SalamAir will utilise Sabre's marketplace to enhance its global visibility, expand its market reach, and drive revenue growth. Through this agreement, SalamAir's flights and services will be made available to travel agencies worldwide via Sabre's extensive global distribution network. This strategic move enables SalamAir to connect with new customer segments, increase bookings, and further solidify its position in the regional aviation market. For Sabre, the partnership underscores its commitment to empowering airlines in the Middle East and beyond with cutting-edge travel solutions. 'Our partnership with Sabre marks a significant milestone in SalamAir's growth journey,' said Steven Allen, Chief Commercial Officer at SalamAir. 'By utilising Sabre's robust global distribution platform, we aim to achieve greater global visibility, reach new markets, and offer our affordable travel options to a wider audience.' Sabre's strong presence in the Middle East, combined with its global distribution capabilities, positions it as a trusted partner for airlines looking to expand their operations. Recently, SalamAir renewed its long-term agreement with Sabre for the Radixx Reservation System, further reinforcing Sabre's credibility and reliability as a technology partner. SalamAir has been a Radixx customer since 2017, using the reservation system to streamline passenger booking and operational efficiency. 'We are thrilled to deepen our relationship with SalamAir through this new distribution partnership,' said Alessandro Ciancimino, Vice President, Airline Distribution, EMEA at Sabre Travel Solutions. 'Our global distribution network will enable SalamAir to connect with travel agencies and travelers worldwide, providing the tools they need to scale their operations and achieve their ambitious growth targets. We look forward to supporting their continued success.' This partnership reflects SalamAir's rapid growth within the region and its commitment to scaling operations to meet increasing demand. By utilizing Sabre's technology, SalamAir is well-positioned to achieve its vision of becoming a leading low-cost carrier while enhancing customer experiences and driving profitability. - Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
11 hours ago
- Zawya
SalamAir enhances global distribution strategy through Sabre partnership
MUSCAT, Sultanate of Oman and SOUTHLAKE, Texas – Sabre Corporation, a leading global travel technology company, announced a new agreement with SalamAir, Oman's leading low-cost carrier. This collaboration will utilize Sabre's marketplace to enhance SalamAir's global visibility, expand its market reach, and drive revenue growth. Through this agreement, SalamAir's flights and services will be made available to travel agencies worldwide via Sabre's extensive global distribution network. This strategic move enables SalamAir to connect with new customer segments, increase bookings, and further solidify its position in the regional aviation market. For Sabre, the partnership underscores its commitment to empowering airlines in the Middle East and beyond with cutting-edge travel solutions. 'Our partnership with Sabre marks a significant milestone in SalamAir's growth journey,' said Steven Allen, Chief Commercial Officer at SalamAir. 'By utilizing Sabre's robust global distribution platform, we aim to achieve greater global visibility, reach new markets, and offer our affordable travel options to a wider audience.' Sabre's strong presence in the Middle East, combined with its global distribution capabilities, positions it as a trusted partner for airlines looking to expand their operations. Recently, SalamAir renewed its long-term agreement with Sabre for the Radixx Reservation System, further reinforcing Sabre's credibility and reliability as a technology partner. SalamAir has been a Radixx customer since 2017, using the reservation system to streamline passenger booking and operational efficiency. 'We are thrilled to deepen our relationship with SalamAir through this new distribution partnership,' said Alessandro Ciancimino, Vice President, Airline Distribution, EMEA at Sabre Travel Solutions. 'Our global distribution network will enable SalamAir to connect with travel agencies and travelers worldwide, providing the tools they need to scale their operations and achieve their ambitious growth targets. We look forward to supporting their continued success.' This partnership reflects SalamAir's rapid growth within the region and its commitment to scaling operations to meet increasing demand. By utilizing Sabre's technology, SalamAir is well-positioned to achieve its vision of becoming a leading low-cost carrier while enhancing customer experiences and driving profitability. About Sabre Corporation Sabre Corporation is a leading technology company that takes on the biggest opportunities and solves the most complex challenges in travel. Sabre harnesses speed, scale and insights to build tomorrow's technology today – empowering airlines, hoteliers, agencies and other partners to retail, distribute and fulfill travel worldwide. Headquartered in Southlake, Texas, USA, with employees across the world, Sabre serves customers in more than 160 countries globally. For more information visit For media inquiries, please contact: Fatin Said Sabrenews@
Zawya
14 hours ago
- Zawya
Sohar Freezone signs land lease agreement with Matrix Alloys (FZC) LLC for low-carbon ferrochrome plant
Suhar – SOHAR Freezone has signed a land lease agreement with Matrix Alloys (FZC) LLC, a leader in low-carbon ferrochrome production, to build a state-of-the-art, environmentally friendly ferrochrome plant. This initiative strengthens Oman's role as a regional hub for sustainable industrial development and supports the goals of Oman 2050 Net Zero commitment to reduce carbon emissions and diversify the economy. The project, with an investment of USD 10 million, will occupy 2.2 hectares within SOHAR Freezone and aims to produce 20,000 tons annually of micro-carbon and low-carbon ferrochrome. The facility will meet stringent purity and sustainability standards demanded by key markets including Europe, Japan, South Korea, and India. Utilizing an electric-based production process that avoids coal and heavy-oil pollution, the plant will significantly reduce its environmental footprint and operate with zero waste gas or wastewater emissions. Furthermore, it seamlessly fits into Oman Vision 2040, promoting sustainable industrialization and encouraging foreign investment to drive long-term economic growth and environmental stewardship. The first phase is expected to be operational by 2026. Mr. Bailin Yi, Chairman of Matrix Alloys (FZC) LLC, said, 'Launching our first international ferroalloy plant in SOHAR Freezone offers us a strategic location with excellent infrastructure, market access, and competitive, stable, and low-cost energy essential for the energy-intensive smelting processes. We are committed to delivering premium low-carbon ferrochrome products that support global stainless-steel producers and promote a cleaner industrial future.' Mohammed Al Shizawi, Acting CEO of SOHAR Freezone, stated: 'This agreement underscores the trust that international investors place in SOHAR's integrated industrial ecosystem. Matrix Alloys is bringing advanced, sustainable manufacturing capabilities to our ferroalloy cluster, aligning perfectly with our vision to attract clean technology investments and strengthen SOHAR Freezone's position as a competitive gateway for global trade.' Matrix Alloys will benefit from SOHAR's proximity to raw material suppliers and customers, as well as direct port access, and a supportive regulatory environment that reduces operational costs. The plant also plans to secure ISO 14001 and ISO 14067 certifications to ensure full carbon emission traceability and compliance with international standards such as CBAM, EcoLeaf, and K-ETS. As SOHAR Freezone approaches full capacity in its initial development phase, this agreement marks a significant milestone in expanding Oman's green industrial base and attracting technology-driven industries to the region. For more information about SOHAR Port and Freezone, please visit: About SOHAR Port and Freezone SOHAR Port and Freezone is one of the world's fastest-growing integrated industrial and logistics hubs, strategically positioned to connect businesses to the world and facilitate trade across diverse sectors. This significant mega-project, a collaboration between ASYAD Group & the Port of Rotterdam, offers a comprehensive range of services, including logistics, petrochemicals, metals, and the region's first dedicated agro terminal. With over 20 years of operation, SOHAR has become the primary gateway for Oman's import and export activities, contributing 2.1% to the nation's GDP and creating nearly 42,000 direct and indirect jobs. The SOHAR Freezone enhances operational efficiencies through synergies in green manufacturing, logistics, and trade. Currently, land occupancy for both phase one and phase two has reached 66%. As of 2024, SOHAR Port has achieved a remarkable throughput of 75.4 million metric tons, rise in roll-on, roll-off (RORO) operations. SOHAR Port is a multifunctional port driving innovation and efficiency in Oman's logistics, marine services, and trade sectors, committed to sustainable development and advanced technology. This modernization aligns with the economic diversification objectives outlined in Oman's Vision 2040.
