Forum Explores Oman’s Economic Readiness for Global Shocks: Key Insights for Investors and Business Owners
Muscat: The Ministry of Economy convened a forum on Monday titled “Economic Readiness to Face Global Shocks: Opportunities and Challenges” in observance of the International Day for Disaster Reduction. The event, held under the patronage of Dr. Said bin Mohammed al Saqri, Minister of Economy, emphasized enhancing economic resilience and systematic preparedness to effectively manage global uncertainties.
In his keynote address, Dr. Nasser bin Rashid al Maawali, Under-Secretary of the Ministry of Economy and Head of the Economic Sector, underscored the increasing complexity and interconnectedness of the global economy. He highlighted the importance of assessing Oman’s economic readiness and resilience to ensure sustained growth and development while proactively identifying emerging challenges and opportunities.
Dr. Al Maawali emphasized that early risk identification, thorough evaluation, and proactive strategic planning are essential to maintaining economic stability and continuity for businesses.
The forum served as a platform to examine significant global economic shocks and their potential effects on Oman. Participants explored strategies to bolster resilience and identify pathways for sustainable growth. The event also facilitated knowledge sharing among key stakeholders and concluded with recommendations aimed at strengthening Oman’s capacity to adapt to global economic shifts. — ONA
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Oman’s proactive focus on economic resilience and early risk assessment signals a strategic move to safeguard business continuity amid global uncertainties. For businesses and investors, this underscores the importance of embracing adaptive strategies and innovation to capitalize on emerging opportunities while mitigating potential shocks. Smart entrepreneurs should now prioritize flexible, future-proof models aligned with sustainable growth initiatives promoted by the government.
