International Peer-Reviewed Journal•Open Access•ISSN 2456-8880
irejournals@gmail.com•+91-7433024337

Home / Current Issue / Paper 1704262

1704262 Vol 6 · Issue 10 Download Paper

The Role of Sustainable Development in Oman's Economy in the Context of Oman Vision 2040

Muna AL-Alawi Malik Jawarneh

Subject area: Management and Commerce  ·  Area of research: Business and Management

Abstract

In accordance with the objectives of Oman Vision 2040, sustainable development has a critical role to play in the growth and advancement of Oman's economy. Sustainable practices not only help in protecting the environment, but also aid in creating a more resilient and diversified economy. This paper evaluates the role of sustainable development in the Omani economy in the context of Oman Vision 2040. It examines the objectives of Oman Vision 2040, the importance of sustainable development for the economy, and the obstacles to be overcome in achieving these objectives. A comprehensive review of the relevant literature is conducted to identify the challenges and opportunities associated with sustainable development in the Omani economy. Additionally, the paper identifies the key drivers of economic growth in Oman and possible strategies to enhance the economy by capitalizing on the potential of sustainable development. Ultimately, it is concluded that sustainable development is essential for the future economic growth and development of Oman.

Keywords

Oman, Vision 2040, sustainable development, economic growth, sustainability

References

[1] Al Jahdhami, M., & Al-Saidi, M. (2020). The Role of Sustainability in Oman's Economic Development. Sustainability, 12(7), 2877.

[2] Al-Ahmadi, A. (2019). Sustainable Development and Oman Vision 2040: A Systematic Literature Review. International Journal of Business and Management, 14(1), 45-59.

[3] Al-Ajmi, M. (2015). Sustainable development in the oil and gas sector in Oman. International Journal of Business and Management, 10(7), 151–160.

[4] Al-Badi, A. (2015). Sustainable Development, the Role of the Private Sector, and Oman Vision 2040. International Journal of Business and Social Science, 6(11), 20-27.

[5] Al-Badi, A. (2017). Oman Vision 2040: Sustainable Development and the Role of the Private Sector. International Journal of Business and Social Science, 8(7), 21-28.

[6] Al-Habsi, H. (2013). Sustainable development in Oman: roles of government and industry. International Journal of Business and Management, 8(7), 135–144.

[7] Al-Hinai, M. (2016). Solar energy for economic diversification in Oman. International Journal of Sustainable Development & World Ecology, 23(2), 116-123.

[8] Al-Hinai, S., & Al-Hinai, A. (2013). Sustainability and Oman Vision 2040. International Journal of Business and Social Science, 4(5), 79-86.

[9] Al-Jabri, A. (2017). Renewable energy and economic diversification in Oman. Journal of Energy & Natural Resources Law, 35(3), 321-345.

[10] Al-Kharusi, A. (2014). Sustainable development and its implications for businesses in Oman. International Journal of Business and Management, 9(7), 144–153.

[11] Al-Rawahi, A. (2017). The role of environmental sustainability in Oman’s Vision 2040. International Journal of Business and Management, 12(9), 18–25.

[12] Al-Riyami, A. (2017). The potential of small and medium-sized enterprises (SMEs) in diversifying the Omani economy. International Journal of Social Economics, 44(11), 1519-1537.

[13] Al-Wahaibi, S., & Al-Mawali, A. (2016). Sustainable Development in Oman’s Economy: A Review of the Oman Vision 2040. International Journal of Research Studies in Management, 5(4), 58-67.

[14] Central Bank of Oman. (2019). Annual report 2018. Muscat, Oman. Ministry of Finance, Sultanate of Oman. (2016). Oman vision 2040. Muscat, Oman.

[15] Nasser, M., & Al-Hinai, A. (2018). Economic Development and Sustainable Development: The Linkages and Challenges to Oman Vision 2040. International Journal of Business and Social Science, 9(14), 181-190.

[16] World Bank. (2018). Oman: Overview. Retrieved from https://www.worldbank.org/en/country/oman/overview.

[17] Raghuvanshi, A., Singh, U., Sajja, G., Pallathadka, H., Asenso, E., & Kamal, M. et al. (2022). Intrusion Detection Using Machine Learning for Risk Mitigation in IoT-Enabled Smart Irrigation in Smart Farming. Journal Of Food Quality, 2022, 1-8. doi: 10.1155/2022/3955514

[18] Hemamalini, V., Rajarajeswari, S., Nachiyappan, S., Sambath, M., Devi, T., Singh, B., & Raghuvanshi, A. (2022). Food Quality Inspection and Grading Using Efficient Image Segmentation and Machine Learning-Based System. Journal Of Food Quality, 2022, 1-6. doi: 10.1155/2022/5262294

[19] Raghuvanshi, A., Singh, U., & Joshi, C. (2022). A Review of Various Security and Privacy Innovations for IoT Applications in Healthcare.Advanced Healthcare Systems, 43-58.doi: 10.1002/9781119769293.ch4

[20] V. Durga Prasad Jasti, Abu SarwarZamani, K. Arumugam, MohdNaved, HarikumarPallathadka, F. Sammy, AbhishekRaghuvanshi, KarthikeyanKaliyaperumal, "Computational Technique Based on Machine Learning and Image Processing for Medical Image Analysis of Breast Cancer Diagnosis", Security and Communication Networks, vol. 2022, Article ID 1918379, 7 pages, 2022. https://doi.org/10.1155/2022/1918379

[21] SushovanChaudhury, Alla Naveen Krishna, Suneet Gupta, K. SakthidasanSankaran, Samiullah Khan, KartikSau, AbhishekRaghuvanshi, F. Sammy, "Effective Image Processing and Segmentation-Based Machine Learning Techniques for Diagnosis of Breast Cancer", Computational and Mathematical Methods in Medicine, vol. 2022, Article ID 6841334, 6 pages, 2022. https://doi.org/10.1155/2022/6841334

[22] Abu SarwarZamani, L. Anand, KantilalPitambarRane, P. Prabhu, Ahmed MateenButtar, HarikumarPallathadka, AbhishekRaghuvanshi, Betty NokobiDugbakie, "Performance of Machine Learning and Image Processing in Plant Leaf Disease Detection", Journal of Food Quality, vol. 2022, Article ID 1598796, 7 pages, 2022. https://doi.org/10.1155/2022/1598796

[23] R. Veluri et al., "Learning analytics using deep learning techniques for efficiently managing educational institutes", Materials Today: Proceedings, vol. 51, pp. 2317-2320, 2022. Available: 10.1016/j.matpr.2021.11.416

[24] Abhishek Raghuvanshi, Umesh Kumar Singh , Dr. PrashantPanse, Monika Saxena, “A Taxonomy of Various Building Blocks of Internet of Things”, International Journal of Future Generation Communication and Networking Vol. 13, No. 4, (2020), pp. 4397–4404

[25] Abhishek Raghuvanshi, Umesh Kumar Singh , Chetan Bulla , Dr. Monika Saxena, KishoriAbadar, “An Investigation on Detection of Vulnerabilities in Internet of Things”, European Journal of Molecular & Clinical Medicine Volume 07, Issue 10, 2020, pp. 3289–3299

[26] Abhishek Raghuvanshi, Dr. Umesh Kumar Singh, PrashantPanse, Monika Saxena, Ravi Kishore Veluri , “Internet of Things: Taxonomy of Various Attacks”, European Journal of Molecular & Clinical Medicine, 2020, Volume 7, Issue 10, Pages 3853-3864.

[27] A. Raghuvanshi, U. Singh, T. Kassanuk and K. Phasinam, "Internet of Things: Security Vulnerabilities and Countermeasures", ECS Transactions, vol. 107, no. 1, pp. 15043-15052, 2022. Available: 10.1149/10701.15043ecst.

[28] Raghavendra, S., Dhabliya, D., Mondal, D., Omarov, B., Sankaran, K. S., Dhablia, A., ...&Shabaz, M. (2022). Development of intrusion detection system using machine learning for the analytics of Internet of Things enabled enterprises. IET Communications.

[29] UmaMaheswaran, S. K., Prasad, G., Omarov, B., Abdul-Zahra, D. S., Vashistha, P., Pant, B., &Kaliyaperumal, K. (2022).Major Challenges and Future Approaches in the Employment of Blockchain and Machine Learning Techniques in the Health and Medicine.Security and Communication Networks, 2022.

How to cite this paper

Muna AL-Alawi, Malik Jawarneh "The Role of Sustainable Development in Oman's Economy in the Context of Oman Vision 2040" Iconic Research And Engineering Journals Volume 6 Issue 10 2023 Page 432-436
Muna AL-Alawi, Malik Jawarneh "The Role of Sustainable Development in Oman's Economy in the Context of Oman Vision 2040" Iconic Research And Engineering Journals, vol. 6, no. 10, Apr. 2023
Muna AL-Alawi, Malik Jawarneh (2023). The Role of Sustainable Development in Oman's Economy in the Context of Oman Vision 2040. Iconic Research And Engineering Journals, 6(10).
Muna AL-Alawi, Malik Jawarneh "The Role of Sustainable Development in Oman's Economy in the Context of Oman Vision 2040" Iconic Research And Engineering Journals, vol. 6, no. 10, Apr. 2023.
@article{1704262,
      author = {Muna AL-Alawi, Malik Jawarneh},
      title = {The Role of Sustainable Development in Oman's Economy in the Context of Oman Vision 2040},
      journal = {Iconic Research And Engineering Journals},
      year = {2023},
      volume = {6},
      number = {10},
      pages = {432-436},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1704262.pdf},
      abstract = {In accordance with the objectives of Oman Vision 2040, sustainable development has a critical role to play in the growth and advancement of Oman's economy. Sustainable practices not only help in protecting the environment, but also aid in creating a more resilient and diversified economy. This paper evaluates the role of sustainable development in the Omani economy in the context of Oman Vision 2040. It examines the objectives of Oman Vision 2040, the importance of sustainable development for the economy, and the obstacles to be overcome in achieving these objectives. A comprehensive review of the relevant literature is conducted to identify the challenges and opportunities associated with sustainable development in the Omani economy. Additionally, the paper identifies the key drivers of economic growth in Oman and possible strategies to enhance the economy by capitalizing on the potential of sustainable development. Ultimately, it is concluded that sustainable development is essential for the future economic growth and development of Oman.},
      keywords = {Oman, Vision 2040, sustainable development, economic growth, sustainability},
      month = {April},
  }