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Times of Oman
07-04-2025
- Business
- Times of Oman
Oman participates in Arab Ministerial Meeting in Cairo
Cairo: The Sultanate of Oman on Monday took part in the ministerial meeting of the Arab Economic and Social Council's extraordinary session. The Council is currently convening in Cairo as part of preparations for the 5th session of the Arab Development Summit scheduled to be held in the Republic of Iraq on 17 May 2025 in conjunction with the 34th regular session of the Arab Summit. The Sultanate of Oman's delegation was headed by Dr. Said Mohammed Al Saqri, Minister of Economy. The meeting discussed ways of finalizing the requirements of the Greater Arab Free Trade Zone and the Arab Customs Union. The meeting addressed issues of economic sustainability. It discussed the need to update the Arab Water Security Strategy (aimed to address the challenges of resource scarcity) and the Arab Strategy for Manpower Development and Employment, which seeks to keep pace with economic and technological transitions. The meeting also reviewed the Arab Vision 2045, which constitutes a roadmap for future development in the Arab world.
Times of Oman
16-02-2025
- Business
- Times of Oman
Meeting held to assess preparations for 11th Five Year Development Plan
Muscat: The Supervisory Committee of the 11th Five-Year Development Plan (2026-2030) today held its 2nd meeting of the year (2025) in Muscat. The meeting, aimed to follow up and assess the development plan's course of action, was chaired by Dr. Said Mohammed Al Saqri, Minister of Economy, Head of the committee. The committee reviewed the plan's current standing, which reflected good progress in its preparation, thanks to the efforts undertaken by 14 central teams comprising 281 members from 100 government and private entities, civil society institutions and individuals. The teams worked in accordance with a prescheduled timetable covering three basic stages: (1) Analysing the current situation; (2) Identifying the challenges and (3) Devising strategic programmes in line with the goals of Oman Vision 2024. In its discussion of priorities of the 11th Five Year Plan within the context of Oman Vision 2024, the committee laid emphasis on enhancing the growth of projects that are expected to provide greater added value to the national economy and generate more employment opportunities for Omani citizens The committee discussed the latest developments in preparing the plan's financial and economic framework, as well as future approaches and practical steps to ensure the compilation of a comprehensive development plan. The committee also stressed the importance of integration among various sectors to ensure realization of sustainable development in line with the goals of Oman Vision 2040.
