MUSCAT: Oman’s Ninth Five-Year Development Plan aims at achieving an average annual economic growth of 3 per cent per annum between 2016 and 2020, according to a top-level government official.
The five-year plan was prepared in the aftermath of fluctuating crude oil prices, said Sultan bin Salim Al Habsi, secretary general of Supreme Council for Planning.
Al Habsi, while addressing the fifth Oman Economic Forum, said the priority areas for development during the plan period include tourism, mining, aquaculture, logistics and transport. The plan will focus on further diversification to develop non-oil sectors and strengthen partnership between public and private sectors.
Another major objective of the five-year plan is to create a pool of qualified Omani workforce and encourage entrepreneurship among youths. Focus will also be on social development, including education, training and employment.
