18 Hrs
Source:
أثير
Official visits and their impact on exports and investments
The article focused on assessing how official visits between the Sultanate of Oman and friendly countries translate into tangible economic outcomes, such as increased exports and investments, rather than merely signing agreements. It highlighted that many agreements signed since 2020 are expected to evolve into actual projects and economic partnerships, but the challenge lies in measuring their true impact on economic growth by tracking the transformation of these agreements into investments, exports, and added value over 12, 24, and 36 months. Examples of this include the Hafit Rail Project with the UAE, the economic partnership agreement with India which has led to tariff liberalization and is expected to boost trade, as well as long-term investments with Saudi Arabia and Turkey. The article emphasizes the need for clear measurement indicators to monitor the impact of visits on the national economy, ensuring that agreements translate into economic realities that contribute to increasing GDP and exports.
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