Oman’s National Programme for Digital Economy is leading the country towards a digital future, as explored in a new report by Oxford Business Group in partnership with the Ministry of Transport, Communications, and Information Technology. The report, titled “Oman’s Digital Future,” delves into the country’s efforts to enhance its digital infrastructure, advance e-government services, adopt artificial intelligence, and foster growth in e-commerce and fintech sectors. Oman’s digital transformation process is revolutionizing its economy and society by enhancing productivity and fostering new growth engines. The report highlights significant advancements in connectivity, AI innovation, cybersecurity, and the burgeoning e-commerce and fintech sectors.
To increase the digital economy’s contribution to GDP by 10% by 2040, the National Programme for Digital Economy is driving key initiatives such as the expansion of 5G networks, development of satellite communications capabilities, and establishment of comprehensive cloud systems. Investment in AI and cybersecurity is also prioritized to ensure Oman remains at the cutting edge of technological innovation. Minister of Transport, Communications and IT, Said Al Mawali, emphasized the importance of the digital economy in meeting the long-term objectives of Oman Vision 2040, the country’s socio-economic blueprint. Government entities understand the importance of the digital economy in spurring innovation, enhancing digital infrastructure, stimulating growth in the digital content industry, and utilizing Fourth Industrial Revolution technologies.
The report also highlights Oman’s commitment to becoming a leader in the digital economy, positioning the country as a competitive player in the global technology landscape and boosting productivity in government and the corporate sector. The report includes exclusive interviews with key figures such as Minister of Commerce, Industry & Investment Promotion, CEO of Central Bank of Oman, and Undersecretary for Communications and IT at MTCIT, providing valuable insights into the economic developments taking place across various sectors and regions. The report showcases the strategic initiatives driving Oman’s significant progress in developing a robust digital economy, setting the stage for future growth and competitiveness.
Overall, Oman’s journey towards a digital future under the National Programme for Digital Economy is promising, with a focus on enhancing digital infrastructure, advancing e-government services, adopting AI and other advanced technologies, and fostering growth in e-commerce and fintech sectors. The country’s digital transformation process is reshaping its economy and society, enhancing productivity and fostering new growth engines. With a focus on key initiatives such as expanding 5G networks, developing satellite communications capabilities, and investing in AI and cybersecurity, Oman is poised to remain at the forefront of technological innovation and enhance its global competitiveness. Government entities in Oman understand the importance of the digital economy in spurring innovation, growth, and transforming various economic sectors, enabling the country to achieve its long-term socio-economic development objectives.
