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Oman makes progress in international indices
Oman makes progress in international indices

Observer

time15-03-2025

  • Business
  • Observer

Oman makes progress in international indices

MUSCAT: The National Competitiveness Office (NCO) said that the Sultanate of Oman has made remarkable progress in a number of international indices. In 2024, the Sultanate of Oman advanced 20 places in the Corruption Perceptions Index ranking 50th globally out of 180 countries. It also advanced more than 90 places in the Environmental Performance Index, ranking 55th globally. Besides, the Sultanate of Oman advanced four places ranking 50th in the Network Readiness Index which measured the digital readiness of 133 countries. The Sultanate of Oman's score in the Index of Economic Freedom in 2025 also rose from 62.9 to 65.4 out of 100, classifying its economy as fairly free. The country's score in the Global Governance Indicators and Rule of Law Index rose to 70.2 out of 100. The Sultanate of Oman saw its score in the Regulatory Quality Index rising to 66.5 out of 100 and that of the Government Effectiveness Index rising to 62.2 out of 100. Dr Salem bin Abdullah al Shaikh, Director of the National Competitiveness Office at the Ministry of Economy, attributed the progress to the efforts undertaken by the national committees and teams tasked with monitoring these indicators as well as the formation of national teams by the National Competitiveness Committee including the Innovation Team, Network Readiness, Environmental Performance and Business Readiness Team. These entities have worked over the past period to improve the country's performance in global indices. A study was conducted on the Corruption Perceptions Index and came out with a set of recommendations. These recommendations were referred to the relevant authorities and their implementation was monitored leading to an improvement in all international indicators, he said, emphasising that the improvement in the indicators was the result of the overall government performance which contributed to the improvement of several indicators. This is in addition to the issuance of several laws, the governance of some government agencies and the implementation of some projects initiated by the government departments and establishments as part of their annual plans. In addition, the National Centre for Statistics and Information (NCSI) is making constant efforts to provide, improve and update data for the United Nations organisations, the official said. Al Shaikh added that the improvement in the overall international competitiveness indices was the result of concerted government, private and civil efforts as well as the positive response by the local community to questionnaires and surveys conducted by international experts and specialists. He pointed out that the National Competitiveness Committee and the National Competitiveness Office are striving to ensure that the Sultanate of Oman's international competitiveness indicators are in optimal condition over the next two years for two important considerations: the improvement of the domestic environment; and the existence of a clear vision and objectives. He explained that the Sultanate of Oman is currently striving to improve a number of indices including the Innovation Index, the Environmental Performance Index, the Business Readiness Index and the Future of Growth Index. He added that there are several gains to be reaped by improving the Sultanate of Oman's performance in international indices, most importantly providing international institutions with a road map for decision-makers and policymakers to address the issues targeted by these indices and achieve positive reputation which is important for investors, businessmen, specialists and researchers. — ONA PIONTERS In 2024, Oman advanced 20 places in the Corruption Perceptions Index ranking 50th globally out of 180 countries Advanced more than 90 places in the Environmental Performance Index, ranking 55th globally Advanced four places ranking 50th in the Network Readiness Index which measured the digital readiness of 133 countries Oman's score in the Index of Economic Freedom in 2025 rose from 62.9 to 65.4 out of 100, classifying its economy as fairly free. The country's score in the Global Governance Indicators and Rule of Law Index rose to 70.2 out of 100

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