Due to the hydrocarbons-focused nature of its economy, Oman was not immune to the global shocks of the past decade. The government is therefore pursuing economic diversification, with specific sectors being strategically targeted for development. The authorities have also rolled out a number of new laws in recent years to create a more accommodating legislative environment for investors, and have focused on privatising government-owned enterprises, creating special economic zones and strengthening local representation in the workforce.
H H Sayyid Theyazin bin Haitham al Said, Minister of Culture, Sports and Youth, visited the Oman Vision 2040 Implementation Follow-up Unit on Wednesday.