Latest news with #TenthFiveYearPlan
Times of Oman
12-07-2025
- Business
- Times of Oman
Oman's economy to grow to 2.2% by the end of this year
Muscat: The real growth rate of the Omani economy will rise from 1.7 percent by the end of 2024 to 2.2 percent by the end of this year (the final year of the Tenth Five-Year Plan, according to the Ministry of Economy's Economic Forecasts 2025 report. The report further indicated Oman's gross domestic product (GDP) at constant prices could rise from OMR38.3 billion at the end of 2024 to OMR39.2 billion at the end of 2025. This is attributed to the improved performance of oil activities, which resumed growth during the year by 1.3 percent, after witnessing a decline by 3 percent at the end of last year. The contribution of oil activities to the GDP is expected to rise from OMR11.9 billion in 2024 to OMR12 billion by the end of this year. Non-oil activities are expected to grow by 2.7 percent this year compared to 3.9 percent in 2024. The report further expects continued rise in the added value of non-oil activities, reaching OMR28.6 billion by the end of 2025, compared to OMR27.9 billion in 2024. In the medium term, the team's forecasts indicate that Oman's economic growth momentum will continue in 2026 as well as in 2027, amid the ongoing implementation of strategic projects in the non-oil sectors and the expected increase in oil production. The report further indicated that inflation rate, based on the consumer price index (CPI) in the, is likely to see a small increase reaching 1.3 percent by the end of this year compared to 0.6 percent in 2024. The ministry said that this rate will remain within the target range of the Tenth Five-Year Plan (2021-2025), with the government continuing to subsidise prices of basic goods and services and the expectation of relative stability in commodity prices in global markets. Regarding the global economic front, the International Monetary Fund (IMF) made significant adjustments to its economic growth forecasts in its April 2025 World Economic Outlook, lowering its global economic growth forecast for the current year from 3.3 percent in its January 2025 report to 2.8 percent in its April 2025 report. This reflects the direct and indirect impacts of new policies on global trade and global demand amidst heightened risks that require a continuous reassessment of forecasts, policies, and economic priorities. The IMF's recent revisions cover most global economies at varying levels. The Fund expects advanced economies to grow at a slower pace from 1.8 percent in 2024 to 1.4 percent in 2025, driven by cautious expectations for the US economy, which is the main driver of growth in this group. In the developing and emerging markets group, the IMF lowered its growth forecast to 3.7 percent in 2025, compared to 4.3 percent in 2024. This decline reflects increased pressure on supply chains due to higher tariffs. This reduction was significantly concentrated in the Chinese economy due to declining US demand for Chinese exports, the continuing repercussions of the real estate crisis, and weak levels of consumption and investment. Regionally, although the International Monetary Fund lowered its growth forecasts for the Middle East and North Africa (Mena) region, the IMF was more optimistic compared to other economic groups. Growth in the region's economies is expected to rise to approximately to 3 percent in 2025, compared to 2.4 percent in 2024. The improved growth in the region is attributed to the recovery in the growth rate of the economies of the Gulf Cooperation Council (GCC) countries, with expectations of rising oil production levels and continued improvement in the non-oil sectors, supported by the expansion of strategic investments in economic diversification and renewable energy projects. Regarding the outlook for global economic growth, the future trajectory of the global economy is likely to be influenced by developments in protectionist trade policies, leading to increased levels of uncertainty and market volatility. If tariffs escalate, this could lead to a significant slowdown in global growth and trade, with repercussions for governments' financial policies and the interest rate orientations of major central banks. The report indicated that, under the fundamental changes announced by the United States this year to its tariff regime, a 10 percent base tariff will be applied to imports of goods from all countries, with an additional 'reciprocal tariff' applied to approximately 90 countries. The additional tariffs use an unconventional methodology to achieve the concept of 'reciprocity,' as they are calculated based on multiple criteria, most notably the volume of bilateral trade and the structure of customs duties imposed on US goods in those countries' markets. Regarding the impact of this policy on the economies of the GCC countries, the imposed customs tariff of 10 percent is among the lowest compared to other targeted economies. Therefore, the direct impact of these new customs tariffs is expected to be relatively limited. However, there remains the possibility of indirect effects resulting from reciprocal tariffs between the United States and its trading partners, which could collectively negatively impact global economic activity levels. Potential impacts may include fluctuations in oil prices, in addition to disruptions in global supply chains. The report explained that by analysing foreign trade data between the Sultanate of Oman and the United States of America during 2014-2024, the balance of trade generally tends in favour of the American economy, with the exception of 2020, 2021, and 2022, when the trade exchange movement between the two countries achieved a trade surplus in favour of the Sultanate of Oman during these years. However, the Omani economy, like other global economies, may be vulnerable to indirect repercussions from tariffs. Potential shifts in the global market could impact the Omani economy's trading partners. Slowing global growth is expected to lead to lower oil prices and reduced demand for oil. Tariffs could also exacerbate inflationary pressures in the US economy, potentially prompting the Federal Reserve to back down or postpone plans to cut interest rates, leading to higher imported inflation. The report explained that, in the context of global trade variables and their potential impact on trade flows, global supply chains, and import and export costs, the Sultanate of Oman is an attractive investment destination, given its strategic geographic location linking Asian, African, and European markets. It also possesses advanced infrastructure and free zones that attract foreign investment. Re-export levels can also be increased by leveraging this unique geographic location and advanced infrastructure, as it can attract the exchange of goods from countries affected by customs duties and re-export them to target markets.
Times of Oman
12-07-2025
- Business
- Times of Oman
Oman's economy to grow to 2.4% by the end of this year
Muscat: The real growth rate of the Omani economy will rise from 1.7 percent by the end of 2024 to 2.2 percent by the end of this year (the final year of the Tenth Five-Year Plan, according to the Ministry of Economy's Economic Forecasts 2025 report. The report further indicated Oman's gross domestic product (GDP) at constant prices could rise from OMR38.3 billion at the end of 2024 to OMR39.2 billion at the end of 2025. This is attributed to the improved performance of oil activities, which resumed growth during the year by 1.3 percent, after witnessing a decline by 3 percent at the end of last year. The contribution of oil activities to the GDP is expected to rise from OMR11.9 billion in 2024 to OMR12 billion by the end of this year. Non-oil activities are expected to grow by 2.7 percent this year compared to 3.9 percent in 2024. The report further expects continued rise in the added value of non-oil activities, reaching OMR28.6 billion by the end of 2025, compared to OMR27.9 billion in 2024. In the medium term, the team's forecasts indicate that Oman's economic growth momentum will continue in 2026 as well as in 2027, amid the ongoing implementation of strategic projects in the non-oil sectors and the expected increase in oil production. The report further indicated that inflation rate, based on the consumer price index (CPI) in the, is likely to see a small increase reaching 1.3 percent by the end of this year compared to 0.6 percent in 2024. The ministry said that this rate will remain within the target range of the Tenth Five-Year Plan (2021-2025), with the government continuing to subsidise prices of basic goods and services and the expectation of relative stability in commodity prices in global markets. Regarding the global economic front, the International Monetary Fund (IMF) made significant adjustments to its economic growth forecasts in its April 2025 World Economic Outlook, lowering its global economic growth forecast for the current year from 3.3 percent in its January 2025 report to 2.8 percent in its April 2025 report. This reflects the direct and indirect impacts of new policies on global trade and global demand amidst heightened risks that require a continuous reassessment of forecasts, policies, and economic priorities. The IMF's recent revisions cover most global economies at varying levels. The Fund expects advanced economies to grow at a slower pace from 1.8 percent in 2024 to 1.4 percent in 2025, driven by cautious expectations for the US economy, which is the main driver of growth in this group. In the developing and emerging markets group, the IMF lowered its growth forecast to 3.7 percent in 2025, compared to 4.3 percent in 2024. This decline reflects increased pressure on supply chains due to higher tariffs. This reduction was significantly concentrated in the Chinese economy due to declining US demand for Chinese exports, the continuing repercussions of the real estate crisis, and weak levels of consumption and investment. Regionally, although the International Monetary Fund lowered its growth forecasts for the Middle East and North Africa (Mena) region, the IMF was more optimistic compared to other economic groups. Growth in the region's economies is expected to rise to approximately to 3 percent in 2025, compared to 2.4 percent in 2024. The improved growth in the region is attributed to the recovery in the growth rate of the economies of the Gulf Cooperation Council (GCC) countries, with expectations of rising oil production levels and continued improvement in the non-oil sectors, supported by the expansion of strategic investments in economic diversification and renewable energy projects. Regarding the outlook for global economic growth, the future trajectory of the global economy is likely to be influenced by developments in protectionist trade policies, leading to increased levels of uncertainty and market volatility. If tariffs escalate, this could lead to a significant slowdown in global growth and trade, with repercussions for governments' financial policies and the interest rate orientations of major central banks. The report indicated that, under the fundamental changes announced by the United States this year to its tariff regime, a 10 percent base tariff will be applied to imports of goods from all countries, with an additional 'reciprocal tariff' applied to approximately 90 countries. The additional tariffs use an unconventional methodology to achieve the concept of 'reciprocity,' as they are calculated based on multiple criteria, most notably the volume of bilateral trade and the structure of customs duties imposed on US goods in those countries' markets. Regarding the impact of this policy on the economies of the GCC countries, the imposed customs tariff of 10 percent is among the lowest compared to other targeted economies. Therefore, the direct impact of these new customs tariffs is expected to be relatively limited. However, there remains the possibility of indirect effects resulting from reciprocal tariffs between the United States and its trading partners, which could collectively negatively impact global economic activity levels. Potential impacts may include fluctuations in oil prices, in addition to disruptions in global supply chains. The report explained that by analysing foreign trade data between the Sultanate of Oman and the United States of America during 2014-2024, the balance of trade generally tends in favour of the American economy, with the exception of 2020, 2021, and 2022, when the trade exchange movement between the two countries achieved a trade surplus in favour of the Sultanate of Oman during these years. However, the Omani economy, like other global economies, may be vulnerable to indirect repercussions from tariffs. Potential shifts in the global market could impact the Omani economy's trading partners. Slowing global growth is expected to lead to lower oil prices and reduced demand for oil. Tariffs could also exacerbate inflationary pressures in the US economy, potentially prompting the Federal Reserve to back down or postpone plans to cut interest rates, leading to higher imported inflation. The report explained that, in the context of global trade variables and their potential impact on trade flows, global supply chains, and import and export costs, the Sultanate of Oman is an attractive investment destination, given its strategic geographic location linking Asian, African, and European markets. It also possesses advanced infrastructure and free zones that attract foreign investment. Re-export levels can also be increased by leveraging this unique geographic location and advanced infrastructure, as it can attract the exchange of goods from countries affected by customs duties and re-export them to target markets.
Zawya
24-06-2025
- Business
- Zawya
Income Tax key step for revenue diversification: Oman's Economy Minister
Muscat – The Ministry of Economy affirmed that the implementation of the Personal Income Tax (PIT), set to take effect at the beginning of 2028, represents a crucial step toward enhancing financial stability and completing the fiscal sustainability framework. This measure aims to ensure sustainable financing for development across various sectors. H E Dr Said Mohammed al Saqri, Minister of Economy, stated: 'The tax serves as a new revenue stream to diversify public income sources and mitigate risks associated with reliance on oil as the primary revenue source. It will help maintain current levels of social and service spending while preserving Oman's achievements in financial and economic stability under 'Oman Vision 2040' and its first executive phase, the Tenth Five-Year Plan (2021-25).' He explained that the PIT is a fiscal tool adopted by most countries worldwide as a key revenue source to fund state-provided services. Over 190 countries impose this tax, and in many, income taxes constitute the largest component of total tax revenues at federal and local levels, financing public goods and services. He noted that implementing the tax in Oman will yield significant economic benefits, supporting income diversification strategies and long-term fiscal stability as a pillar of economic growth. It, he added, will also sustain government revenues, strengthen the state's financial position, maintain credit ratings, and boost spending power for beneficiaries – directly stimulating aggregate demand and economic growth. He highlighted that oil and gas revenues account for 68% to 85% of Oman's total public income, depending on global energy prices. While oil prices have stabilised at favourable levels in recent years, they remain volatile. Oman has effectively managed additional oil revenues by reducing public debt to safe GDP ratios, increasing investment and social spending, and subsidizing essential goods and services, he further noted. He affirmed that government policies and initiatives have successfully shifted Oman's fiscal and economic trajectory toward sustainability and stability. Public debt has sharply declined, credit ratings have consistently improved to investment-grade levels, and Oman's standing in global competitiveness indices has risen. The Tenth Five-Year Plan sustained GDP growth near target rates, while economic diversification policies attracted quality investments and drove non-oil sector growth beyond expectations, the minister said. He added: 'As the Tenth Plan nears completion, Oman has advanced significantly in economic diversification and fiscal sustainability. The PIT will further prioritise financial stability by diversifying revenue sources – a strategic necessity to ensure equitable wealth distribution, enhance public services, strengthen social protection systems, and mitigate risks from global energy market fluctuations and other economic variables.' He emphasised that accelerating 'Oman Vision 2040' and its economic diversification strategy – transitioning to a knowledge- and technology-driven economy – requires sustainable funding for long-term planning. The Vision targets strategic investments in education, human capital, advanced infrastructure, innovation, and diversified sectors, alongside essential services and social protection. He pointed out that the 2025 budget allocates over RO5bn (39% to education, 24% to health, 28% to social protection) to these sectors, with the Social Protection Fund benefiting over 2mn people monthly as a key mechanism for household financial stability. As for the potential economic impacts, He noted that the tax study assessed effects on GDP and 18 economic sectors, concluding minimal impact (under 1%) due to high exemption and low tax rates. Foreign investment is expected to remain unaffected, as the tax applies to individuals – not corporate entities – and Oman's rates remain competitive globally, the minister concluded. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Zawya
23-06-2025
- Business
- Zawya
Oman reports major strides in implementing Tenth Five-Year development plan
Muscat: The Ministry of Economy has reported significant progress in implementing the Tenth Five-Year Development Plan (2021–2025), which aligns with Oman Vision 2040. Notably, development project funding has surged to OMR 11 billion, up 72% from the initial OMR 6.4 billion. This growth follows the completion and launch of numerous infrastructure and economic diversification initiatives across various service and social sectors. These efforts are supporting the Vision 2040 goals of comprehensive, balanced development by upgrading public services, improving infrastructure, and boosting investment in all governorates. According to the Ministry, 95% of the plan's 412 strategic programs are already underway, spanning 14 national priorities and covering all four pillars of the vision. A breakdown of program progress and objectives includes: - Youth Sector: All 3 programs implemented, focused on sector governance, youth engagement, and skill development. - Health Priority: All 6 programs in motion—building hospitals, enhancing health coverage, and implementing digital transformation. - Education and Scientific Capacity: 65 of 70 programs active, including capacity building, governance reforms, career guidance, and innovation promotion. - Citizenship, Heritage, and Culture: 43 of 45 programs launched, such as tourism data systems, national talent training, and international cultural events. - Social Welfare: 25 of 26 programs operational, with housing support, disability-inclusive festivals, sports promotion, and social insurance sustainability efforts. Under the Economy and Development pillar, 152 programs are underway, with 98% already being implemented. These include: - Advanced urban services, community organisation roles in housing, land development for investment, and decentralised economic management. - All 17 programs targeting the private sector, investment, and international cooperation are live—featuring loan guarantees, SME growth programs, and cost optimization in oil and gas. The ICT priority has activated all 20 programs, encompassing the national digital economy strategy, smart city networks, cyber awareness campaigns, and digital upskilling programs. The flagship initiative 'Makeen' has trained over 8,200 Omanis through 126 sessions and set the groundwork for Oman's future tech talent hubs. Under the Economic Leadership and Management Priority, all six associated programs are currently being implemented. These include developing a more advanced and efficient public finance management system, establishing a national registry for government assets, creating an empowered and effective body responsible for coordinating economic decisions and preparing a national policy guide, and updating economic legislation to stimulate activity and enhance competitiveness. Additionally, 60 out of 62 programs under the Economic Diversification and Financial Sustainability Priority have entered the implementation phase. They include initiatives such as empowering startups in Fourth Industrial Revolution technologies, expanding national data center and government cloud services, strengthening innovation and operational efficiency in public institutions, unified global software licensing management, reviewing government service fees, monitoring the performance and competitiveness of the logistics sector, and maximizing local value in transport, communications, and IT projects. Other notable initiatives include support for national industries and Omani products, modernization of financial legislation in the mining sector, updating the Mineral Resources Law, promoting investment in mining, developing a digital mining platform, enhancing local company and SME participation in the energy and mining sectors, and advancing digital transformation in government services. As for the Labor Market and Employment Priority, 17 out of 18 programs are active. These focus on drafting the National Employment Strategy, improving labor policies and legislation, implementing an effective nationalization (Omanization) mechanism, rolling out replacement-linked training initiatives, offering specialized entrepreneurship programs in cooperation with relevant agencies, and cultivating a culture of empowerment for national talent in the energy and mining sectors. Under the Sustainable Environment pillar, a total of 56 programs have been outlined, with 95% (53 programs) already in implementation. These include key initiatives such as updating environmental policies and legislation, sustainable biodiversity management, a national strategy for chemical and agricultural soil conditioner management, regulation of pesticides and fertilizers, enhancement of palm productivity, the establishment of a national environmental monitoring and control system, development of a national environmental information system to support decision-making, and programs to support fishing vessels and equipment. In the Governance and Institutional Performance pillar, 54 programs are aligned with its priorities. As of Q1 2025, 87% are in execution. Notably, 13 out of 14 programs in the legislative, judicial, and oversight areas have been launched—covering anti-corruption, public fund protection, oversight capacity-building, governance of national resources and projects, and improving civil aviation security in line with international standards. Within the Public Administration Governance Priority, 34 out of 40 programs are active. These include ensuring governmental compliance, evaluating governance in state-owned enterprises, and developing legal, regulatory, and policy frameworks for the telecom and IT sectors. Other ongoing efforts include establishing a national innovation and change management system, an innovation lab for performance improvement, integration of e-government services, performance measurement systems, and upgrading the infrastructure and technical support for national networks. As for development projects under implementation*during the 2021–2025 plan, notable progress has been made: - In the infrastructure sector, Phase 1 of Sultan Haitham City is 80% complete, with Phase 2 at 45%. The structural planning for Greater Muscat, Salalah, Nizwa, and Haima stands at 25%. - Road sector projects show varied completion rates: Khasab–Daba–Lima road at 40%, Adam–Thumrait dualization at 32%, Al-Amirat's Al-Joud Street at 79%, Dhofar's Darbat tunnel at 90%, Sultan Qaboos Street dualization in Salalah at 81%, and various others ranging from 20% to 86%. In the social services sector, construction of health facilities is progressing strongly: Sultan Qaboos Hospital (Salalah) is 58% complete, Madha Hospital 86%, Suwaiq Hospital 77%, and other facilities such as Wadi Bani Khalid, Samail, Falah, and Namah Hospitals progressing between 3% to 82%. The new Infectious Diseases Lab has reached 91%. In the education sector, 69 new schools are being built across the Sultanate, with an average completion rate of 50%. In productive sectors: - Date palm weevil eradication is at 80%, palm seedling productivity at 95%, desert locust control at 90%, agricultural and fisheries development at 59%, and animal disease surveillance at 95%. - Fishing port infrastructure upgrades are ongoing, with Daba Port (86%) and Kumzar Port (45%) undergoing improvements. Additionally, data preservation in the oil and gas sector and smart monitoring of mineral output are also underway. Finally, in the productive services sector, major projects are nearing completion: the Oman Botanical Garden (95%), municipal service improvements in Dhofar tourist areas (95%), coastal development in Shuwaymiyah and Taqah (20%), and multiple urban promenade and tourism marketing initiatives all contributing to enhanced service quality, tourism appeal, and housing aid delivery, with some projects like the housing assistance program achieving 92% completion. © Muscat Media Group Provided by SyndiGate Media Inc. ( Times of Oman
Times of Oman
21-06-2025
- Business
- Times of Oman
Oman's development project funding soars by 72% to OMR11bn
Muscat: Significant progress has been reported in implementing the Tenth Five-Year Development Plan (2021–2025), which aligns with Oman Vision 2040, the Ministry of Economy said on Saturday. Development project funding has surged by 72 percent to OMR11 billion compared to the initial OMR6.4 billion approved at the start of the implementation of the plan. This significant growth follows the completion and launch of numerous infrastructure and economic diversification initiatives across various service and social sectors. These efforts are supporting the Vision 2040 goals of comprehensive, balanced development by upgrading public services, improving infrastructure, and enhancing investment in all governorates. According to the Ministry, 95% of the plan's 412 strategic programmes are already underway, spanning 14 national priorities and covering all the key pillars of the vision. The Ministry said that all programmes related to the youth development priority have come into force. These programmes aim to govern and regulate the youth sector, enhance youth participation, and develop capabilities and skills of youth. All the three programmes implemented focused on governance, youth engagement, and skill development. All the programmes under the health priority segment like building hospitals, enhancing health coverage, and digital transformation are being implemented. The ministry further said that under the education and scientific segment 65 of the 70 programmes are active and include capacity building, governance reforms, career guidance, and innovation promotion. In the citizenship, heritage and culture segment 43 of the 45 programmes have been launched. These focus on tourism data systems, national talent training and international cultural events. In the social welfare segment 25 of the 26 programmes are operational and these include housing support, disability-inclusive festivals, sports promotion and social insurance sustainability efforts. The ministry further said that under the Economy and Development segment 152 programmes are underway, 98% of which are already being implemented. These include in areas like advanced urban services, community organisation roles in housing, land development for investment, and decentralised economic management. All the 17 programmes targeting the private sector, investment, and international cooperation are ongoing featuring loan guarantees, SME growth programmes and cost optimisation in the oil and gas sector. Under the information and communications technology (ICT) priority, all the 20 programmes related have come into effect. This includes the national digital economy strategy, smart city networks, cyber awareness campaigns and digital upskilling programmes. The flagship initiative 'Makeen' has trained over 8,200 Omanis through 126 sessions and set the groundwork for Oman's future tech talent hubs. Under the economic leadership and management priority, all the six associated programmes are currently being implemented. These include developing a more advanced and efficient public finance management system, establishing a national registry for government assets, creating an empowered and effective body responsible for coordinating economic decisions and preparing a national policy guide, and updating economic legislation to stimulate activity and enhance competitiveness. Additionally, 60 out of 62 programmes under the economic diversification and financial sustainability priority have entered the implementation phase. They include initiatives such as empowering startups in Fourth Industrial Revolution technologies, expanding national data centre and government cloud services, strengthening innovation and operational efficiency in public institutions, unified global software licencing management, reviewing government service fees, monitoring the performance and competitiveness of the logistics sector, and maximising local value in transport, communications, and IT projects. Other notable initiatives include support for national industries and Omani products, modernisation of financial legislation in the mining sector, updating the Mineral Resources Law, promoting investment in mining, developing a digital mining platform, enhancing local company and SME participation in the energy and mining sectors, and advancing digital transformation in government services. Regarding the labour market and employment priority, 17 out of 18 programmes are being implemented. These focus on drafting the National Employment Strategy, improving labour policies and legislation, implementing an effective nationalisation (Omanisation) mechanism, rolling out replacement-linked training initiatives, offering specialised entrepreneurship programmes in cooperation with relevant agencies, and cultivating a culture of empowerment for national talent in the energy and mining sectors. Under the Sustainable Environment pillar, a total of 56 programmes have been outlined, with 95% (53 programmes) already in implementation. These include key initiatives such as updating environmental policies and legislation, sustainable biodiversity management, a national strategy for chemical and agricultural soil conditioner management, regulation of pesticides and fertilizers, enhancement of palm productivity, the establishment of a national environmental monitoring and control system, development of a national environmental information system to support decision-making, and programs to support fishing vessels and equipment. In the governance and institutional performance segment, 54 programmes are aligned with its priorities. As of the first quarter of 2025, 87% are in execution. Notably, 13 out of 14 programmes in the legislative, judicial, and oversight areas have been launched—covering anti-corruption, public fund protection, oversight capacity-building, governance of national resources and projects, and improving civil aviation security in line with international standards. Within the public administration governance segment, 34 out of 40 programmes are currently active. These include ensuring governmental compliance, evaluating governance in state-owned enterprises, and developing legal, regulatory, and policy frameworks for the telecom and IT sectors. Other ongoing efforts include establishing a national innovation and change management system, an innovation lab for performance improvement, integration of e-government services, performance measurement systems, and upgrading the infrastructure and technical support for national networks. Regarding development projects currently being implemented during the Tenth Five-Year Plan (2021-2025), the Ministry of Economy said that notable progress has been made. In the infrastructure sector segment, Phase 1 of Sultan Haitham City is 80% complete, with Phase 2 at 45% completion. 25% of the structural planning for Greater Muscat, Salalah, Nizwa, and Haima have been completed. In the road sector projects indicated varied completion rates: Khasab–Daba–Lima road at 40%, Adam–Thumrait dualisation at 32%, Al-Amirat's Al-Joud Street at 79%, Dhofar's Darbat tunnel at 90%, Sultan Qaboos Street dualisation in Salalah at 81% and various other road projects ranging from 20% to 86%. In the social services sector, construction of health facilities is progressing strongly: Sultan Qaboos Hospital (Salalah) is 58% complete, Madha Hospital 86%, Suwaiq Hospital 77%, and other facilities such as Wadi Bani Khalid, Samail, Falah, and Namah Hospitals are progressing between 3% to 82%. The new Infectious Diseases Lab has reached 91% completion. In the education sector, 69 new schools are being built across the Sultanate, with an average completion rate of 50%. In the commodity production sector date palm weevil eradication has reached a completion rate of 80%, palm seedling productivity at 95%, desert locust control at 90%, agricultural and fisheries development at 59%, and animal disease surveillance at 95%. Fishing port infrastructure upgrades are ongoing and the completion rate includes Daba Port (86%), Kumzar Port (45%) and data preservation in the oil and gas sector and smart monitoring of mineral output are also underway. Finally, in the productive services sector, major projects are nearing completion: the Oman Botanical Garden (95%), municipal service improvements in Dhofar tourist areas (95%), coastal development in Shuwaymiyah and Taqah (20%), and multiple urban promenade and tourism marketing initiatives all contributing to enhanced service quality, tourism appeal, and housing aid delivery, with some projects like the housing assistance program achieving 92% completion
