Oman's Sultan approves launch of Vision 2040

[المستشار الصحفى]

الصحف المصرية والعربية

Sultan of Oman, Haitham Bin Tariq, has approved the launch of the country's Vision 2040 which will be effective from next year, according to an announcement by the Foreign Ministry. The ambitious project was unveiled in 2018 under Sultan Qaboos Bin Said, who*passed away*earlier this year, and seeks to bring the sultanate into the ranks of the world's most developed nations. The initiative is not too dissimilar from Saudi Arabia's Vision 2030 with both countries hoping to move towards post-oil economies, towards a more sustainable knowledge-based one. In contrast to its regional neighbours in the Gulf, Oman has fewer natural resources to rely on and has the widest budget deficit among Gulf Arab states. Like most economies it has also […]

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