Oman's Strategic Meeting: Assessing Progress for the 11th Five-Year Development Plan

In a significant step towards sustainable development, Muscat recently hosted the second annual meeting of the Supervisory Committee for the 11th Five-Year Development Plan (2026-2030). Chaired by Dr. Said Mohammed Al Saqri, Minister of Economy and Head of the committee, this pivotal gathering underscores Oman's commitment to its Vision 2024 objectives.

Progress Overview: A Collaborative Effort The meeting revealed promising progress in the development plan’s preparation, attributed to the collaborative efforts of 14 central teams. These teams, consisting of 281 members from diverse sectors including government bodies, private enterprises, civil society institutions, and individuals, have diligently followed a structured three-stage process. The stages include:

1. Analyzing Current Circumstances: A deep dive into the present conditions to lay a solid foundation for future planning.
2. Identifying Challenges: Pinpointing obstacles that could hinder progress towards achieving strategic goals.
3. Strategizing Solutions: Crafting tailored programs aligned with Oman Vision 2024, aimed at addressing identified challenges and maximizing opportunities.

Prioritization: Aligning With National Visions The committee placed significant emphasis on prioritizing projects that promise to enhance the national economy's value and create employment opportunities for Omani citizens. This aligns seamlessly with the broader goals of Oman Vision 2024, focusing on economic diversification and increased job creation.

Financial Framework & Integration: The Path Forward The discussions extended to reviewing updates in preparing the plan's financial and economic framework. Highlighted was the need for cohesive integration across various sectors to ensure sustainable development that echoes the aspirations of Oman Vision 2040.

The committee concluded with a resolve to continue its efforts in compiling a comprehensive development strategy. This endeavor is not only about planning but also about ensuring that every step taken contributes significantly towards achieving Oman's long-term developmental visions.

As Oman marches forward, this meeting marks a crucial milestone in its journey of economic transformation and sustainable growth, setting a precedent for future endeavors in line with national aspirations.