The Sultanate of Oman, in its eight five-year plan (2011 – 2015) has decided to Increasing production rates of oil and gas and their reserves and management of deficit in power resources and Stimulating domestic and foreign private sectors to investment and development of small and medium establishments (SME).
Key Indicators and the Major Sectors
MINISTRY of NATIONAL ECONOMY (MONE) is considered as the authorized body, based on the Royal Decree No. 4/1999, to propose the development strategy and future trends for the national economy.
In addition, MONE is responsible to conduct studies on the regional and international trends and their impact on the national economical policy of the Sultanate while working on strengthening the country's public relations in the economical area between the Sultanate and other countries .