Oman’s government has shared the plans on diversification of the national oil industry. Amid the global crisis caused by the coronacrisis, the Middle Eastern country is heading towards the development of its non-oil sectors.
Oman’s Ambassador to Malaysia Sheikh Al-Abbas Ibrahim Hamed Al Harthi confirmed the intentions of his country to promote and enhance the relative contribution of the non-oil sectors in the country’s gross domestic products (GDP). The strengthening of Omani small and medium enterprises (SMEs), tourism, agriculture and fisheries become the governmental priority.
The ambassador made the official statement in conjunction with the Sultanate’s 50th National Day. Oman celebrates this historic day with a great sense of pride, remembering His Majesty the late Sultan Qaboos bin Said bin Taimour, a wise motivator who encouraged his people to build Oman.
Over the decades, modern Oman has undergone social and economic metamorphosis by accelerating the relative contribution of the non-oil sectors.