Al-Watan Commentary: Strengthening National Industry for Economic Growth
The article highlights a qualitative shift in the Omani industrial sector as part of the 2040 Economic Diversification Strategy. This transformation aims to establish a modern industrial ecosystem based on advanced technologies and local supply chains, with the goal of increasing the gross value added from 3.7 billion Omani rials in 2025 to over 10 billion rials by 2040. It also focuses on enhancing local content and developing capabilities in priority industries such as food, petrochemicals, healthcare, metals, and renewable energy. Additionally, the article emphasizes the importance of artificial intelligence and automation to improve efficiency and quality, along with the need to train national human resources to grow employment in the sector from around 240,000 to 273,000 by 2030. The strategy aims to achieve non-oil exports exceeding 10 billion rials by 2030. Its success depends on strengthening local value addition, increasing exports, and creating specialized jobs, while encouraging partnerships between the government and the private sector to develop a sustainable, competitive, and innovative industry—ultimately positioning Oman as a regional industrial and logistics hub.
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