Definition
Vision 2040 is Oman’s comprehensive national development strategy that charts the country’s social, economic, and institutional transformation from 2021 to 2040. Formally endorsed by royal decree, it replaces earlier five-year development plans with a unified long-range framework organised around four interconnected pillars: People and Society, Economy and Development, Governance and Institutional Performance, and Environment and Natural Resources.
Context in Oman
Development of Vision 2040 began in 2013 under the guidance of the Supreme Council for Planning. Thousands of stakeholders from government, the private sector, academia, and civil society participated in consultations. The strategy was officially launched in January 2021 under Sultan Haitham bin Tarik, who had chaired the vision preparatory committee. Implementation is managed through five-year plans, the first covering 2021 to 2025, with sector-specific strategies aligned beneath the umbrella framework. Governance mechanisms include the Vision Realisation Office and regular progress reporting through a national KPI dashboard.
Key Data Points
| Metric | Value |
|---|---|
| Planning horizon | 2021-2040 |
| Number of strategic pillars | 4 |
| First five-year plan period | 2021-2025 |
| GDP per capita target (2040) | USD 23,000+ |
| Non-oil GDP share target | 90 %+ |
| Global competitiveness target | Top 20 |
Vision 2040 Connection
Vision 2040 is itself the strategy. Every other government initiative, from Omanisation quotas to green hydrogen investment to digital government programmes, is designed to serve its objectives. The strategy represents the most ambitious planning exercise in Oman modern history and sets quantifiable targets across more than 80 national KPIs.
Further Reading
- [[What is Tanfeedh]]
- [[What is Economic Diversification]]
- [[What is Non-Oil GDP]]