Oman’s Ministry of Economy announced that development allocations under the Tenth Five-Year Plan (2021–2025) have reached approximately $28.6 billion (OMR 11.009 billion) by the end of March 2025. This marks a 72% increase from the initial allocation of around $16.7 billion (OMR 6.414 billion) when the plan was first introduced.
The significant rise in development spending reflects the Sultanate’s strategic push to accelerate growth and realize the goals of Oman Vision 2040.
According to the Ministry’s latest performance report, the increase stems from four key policy priorities:
Social Development: Expanded investment in programs to enhance citizens’ quality of life.
Economic Diversification: Boosting non-oil sectors through new initiatives.
Regional Development: Empowering governorates to reduce regional disparities and promote balanced growth.
Investment Climate: Enhancing the environment for local and international investors.
The Ministry emphasized that the additional funding is aimed at strengthening infrastructure, creating jobs, and supporting long-term economic sustainability.
As a central pillar of Oman Vision 2040, the Tenth Five-Year Plan underscores the Sultanate’s commitment to economic transformation and inclusive national development.
Source: Oman Daily Observer
