Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target | Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target |
Encyclopedia

Oman Vision 2040 Launch (2021)

Comprehensive account of the official launch of Oman Vision 2040 in January 2021 as the national strategic framework for long-term development.

Overview

The official launch of Oman Vision 2040 in January 2021 established the Sultanate’s comprehensive long-term national development strategy, replacing Vision 2020 with a more ambitious and detailed framework for economic, social, and institutional transformation. Developed through extensive consultations with citizens, the private sector, and international experts, Vision 2040 articulates national priorities across four pillars: people and society, economy and development, governance and institutional performance, and environment and natural resources.

Key Points

Vision 2040 sets over two hundred strategic goals and key performance indicators spanning all aspects of national development. The strategy emphasises economic diversification, private-sector leadership, human capital development, innovation, and environmental sustainability. Implementation is organised through five-year plans that translate long-term goals into actionable programmes. A dedicated follow-up unit monitors progress and publishes regular performance reports. The vision was developed with unprecedented levels of public participation, including surveys and consultation workshops.

Current Status

The first five-year implementation plan is well underway, with progress reported across multiple indicators. Major achievements include fiscal consolidation, privatisation milestones, digital government expansion, and investment in renewable energy. Challenges remain in areas including youth employment, education quality, and technology adoption. The follow-up unit has established a transparent reporting mechanism that builds public trust in the implementation process.

Vision 2040 Context

Vision 2040 aspires to an Oman that is a regional hub for trade, innovation, and tourism, with a diversified economy, a skilled workforce, and sustainable use of natural resources. The strategy is not merely a government plan but a national compact that invites all segments of society to contribute to building the Oman of the future. Its success will be measured by the quality of life enjoyed by citizens and the country’s standing in the global community.