Sultan oversees Cabinet and budget forecast
The article covers His Majesty Sultan Haitham bin Tariq presiding over the Cabinet meeting in Salalah, during which he reviewed the preliminary results of the 2026 budget. He emphasized the importance of strengthening financial policies to adapt to external developments in order to ensure economic stability. He also explicitly directed the preparation of a long-term plan to develop the non-oil trade balance by increasing domestic production, utilizing ports, and benefiting from international agreements, with implementation scheduled to begin in early 2027. His Majesty praised achievements in the health sector, including the promotion of pharmaceutical and biomedical industries through the establishment of industrial complexes. He called for a comprehensive assessment of the competencies of local councils to improve their performance and encourage community participation in upcoming elections. Additionally, he stressed the importance of boosting tourism and achieving integration between government agencies and the private sector to support the local economy. He reaffirmed the Sultanate’s neutral stance amid regional challenges and commended the security and civil efforts to protect the country, while emphasizing the need to leverage the outcomes of foreign visits to enhance economic relations and expand exports.
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