{"id":4574,"date":"2025-09-20T12:28:00","date_gmt":"2025-09-20T08:28:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/oman-tenth-plan-projects-launched\/"},"modified":"2025-09-20T19:10:31","modified_gmt":"2025-09-20T15:10:31","slug":"oman-tenth-plan-projects-launched","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/oman-tenth-plan-projects-launched\/","title":{"rendered":"Tenth Plan Launches Multiple Projects: What Investors and Entrepreneurs in Oman Need to Know"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p>Muscat \u2013 The Ministry of Economy has expressed profound pride in the commendation by His Majesty Sultan Haitham bin Tariq Al Said regarding the positive outcomes achieved under the Tenth Five-Year Development Plan (2021-2025). These achievements reinforce confidence in the Sultanate\u2019s comprehensive and balanced development strategy and affirm Oman\u2019s ongoing commitment to economic diversification and sustainability, in line with the progressive growth of the national economy and improved financial and economic indicators as envisaged in Oman Vision 2040.<\/p>\n<p>Dr. Nasser bin Rashid Al Maawali, Undersecretary of the Ministry of Economy, highlighted that His Majesty\u2019s directives and the collaborative efforts among all stakeholders have been instrumental in meeting multiple strategic goals. These include attaining the targeted GDP growth rate set in the tenth plan, strengthening economic growth driven by non-oil sectors, achieving a fundamental shift towards financial sustainability, and advancing Oman\u2019s credit rating alongside its global competitiveness standing.<\/p>\n<p>The continued advancement of the economic diversification strategy and accelerated implementation of Oman Vision 2040\u2019s development priorities\u2014starting with the current plan\u2014constitute a solid foundation for sustaining development goals throughout the Eleventh Five-Year Development Plan (2026-2030), with a strong focus on diversification.<\/p>\n<p>During the tenth plan period, significant progress was made through the completion and operation of key projects and the initiation of numerous pivotal development ventures. These projects have played a vital role in diversifying production and export frameworks, expanding the economy, increasing employment opportunities, and attracting investment across various governorates. Notable initiatives include Sultan Haitham City, the Sultanate\u2019s inaugural future city project, alongside the expansion of economic, free, and private zones such as the integrated economic zone in Al Dhahirah and the Al Rawdah Special Economic Zone in Al Buraimi.<\/p>\n<p>Investments in development enhanced multiple service and social sectors, expanded healthcare infrastructure, launched strategic road projects, performed extensive road maintenance, and strengthened educational systems across wilayats and governorates.<\/p>\n<p>Between 2021 and 2024, Oman\u2019s real GDP grew by an average of 3.4%, nearing the 3.5% annual target outlined in the tenth plan. Non-oil sector growth surpassed expectations, averaging 4.1% against a target of 3.5%, while oil sector growth was 2.3%, slightly below the 3.5% target due to OPEC Plus-coordinated reductions in crude oil production.<\/p>\n<p>Financial and economic indicators have continued to improve in 2025, with positive medium-term growth projections for diversification sectors, underscoring the sustainability of economic progress, enhanced investment appeal, and fiscal stability. Public debt fell to OMR 14.1 billion (34.1% of GDP) by mid-2025.<\/p>\n<p>Oman\u2019s investment-grade credit rating was reaffirmed this year as Moody\u2019s upgraded it from &#8220;Ba1&#8221; to &#8220;Baa3,\u201d reflecting the country\u2019s strengthened financial position, efficient fiscal management, rising GDP, and the expansion of strategic projects. This resilience has enabled Oman to navigate oil production declines and global economic challenges effectively.<\/p>\n<p>By the end of Q1 2025, cumulative foreign direct investment rose 20.6% year-on-year to OMR 30.6 billion. Non-oil exports grew by 9.1% in the first half of the year, reaching OMR 3.3 billion, while private sector deposits in banks increased by 6% to approximately OMR 22 billion. Loans and financing expanded by 8.4%, totaling OMR 34 billion.<\/p>\n<p>The number of private enterprises across all sizes grew by 9.4% by Q1 2025 compared to the previous year, surpassing 268,000 businesses. Their contribution to GDP increased by 5.4%, amounting to OMR 8.4 billion. The Omani workforce expanded by 2.3%, reaching 863,932 citizens by July 2025 across government, private, family, and civil sectors.<\/p>\n<p>Inflation remained moderate in 2025, with the Consumer Price Index recording 0.81% inflation from January to July. Despite a 0.4% decline in oil activity, GDP growth in Q1 2025 reached 2.5%, supported by a robust 4.4% expansion in non-oil sectors.<\/p>\n<p>GDP growth is projected to reach 2.2% by the end of 2025, up from 1.6% in 2024, driven by increased crude oil production following eased OPEC+ restrictions and ongoing strength in non-oil sectors. This growth benefits from continued diversification, investment climate improvements, and the implementation of national initiatives that boost private sector performance and SME empowerment, crucial for generating jobs and attracting investments.<\/p>\n<p>Dr. Al Maawali emphasized that through focused fiscal and economic sustainability efforts aligned with Oman Vision 2040\u2019s first implementation phase, the Sultanate has achieved a balanced approach combining fiscal consolidation, economic stimulus, and social objectives. These efforts have expanded social protection, improved living standards, reduced public debt burdens, and enhanced credit ratings, paving the way for sustained, inclusive development.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitl8gak-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitl8gakw{container-type:inline-size;width:100%;max-width:970px;margin:0 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>Oman&#8217;s successful execution of the Tenth Five-Year Development Plan underscores a <strong>strategic shift towards economic diversification and sustainability<\/strong>, significantly boosting non-oil sector growth and improving financial stability. For businesses and investors, this heralds <strong>expanded opportunities in emerging sectors and free economic zones<\/strong>, while smart entrepreneurs should leverage government incentives and infrastructure developments to tap into new markets. However, ongoing vigilance is needed to navigate oil production fluctuations and global economic uncertainties, ensuring resilience and sustained growth aligned with Oman Vision 2040.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Economy expressed pride in Sultan Haitham&#8217;s praise for the Tenth Five-Year Development Plan (2021-2025), noting growth in GDP, economic diversification, and improved financial indicators. Oman\u2019s GDP grew 3.4%, with non-oil sectors expanding 4.1%, supporting Vision 2040 goals.<\/p>\n","protected":false},"author":9,"featured_media":4575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[271,291,166],"class_list":["post-4574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economic-diversification","tag-oman-economy","tag-oman-vision-2040"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/09\/3133682.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/4574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=4574"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/4574\/revisions"}],"predecessor-version":[{"id":4576,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/4574\/revisions\/4576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/4575"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=4574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=4574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=4574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}