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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

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},
  }