Shura to discuss economy, steps taken to boost GDP with Al Saqri

Muscat: The Shura Council will host Said Mohammed Al Saqri, Minister of Economy on Wednesday, 28 February 2024, during which the performance of the Omani economy and measures taken to boost the country’s Gross Domestic Product would be discussed.

Sheikh Ahmed Mohammed Al Nadabi, Secretary General of the Shura Council, pointed out that this meeting will mark the first ministerial statement discussed by the Shura Council during the first meeting of the 10th term.

In a statement, he said: “We will discuss several topics, namely the performance of the Omani economy and prominent initiatives and projects of the Ministry of Economy related to increasing the contribution to the GDP.”

The discussion will involve three main topics: The first will be the performance of the Omani economy and the most prominent initiatives and projects of the Ministry of Economy with regard to the contribution of the targeted economic sectors to the gross domestic product, the growth rates achieved, the performance of the National Programme for Economic Diversification (Diversification), and the most prominent challenges facing it.

The second topic includes an assessment of the overall economic performance until the middle of the tenth five-year development plan (2021-2025), while the third topic deals with the role of the Ministry of Economy in confronting regional and international economic changes, by reviewing economic policies and draft laws related to development planning and the measures taken to raise the competitiveness of the Sultanate of Oman in various global indicators.

It is worth noting that the discussion of the ministry’s statement comes in accordance with Article (69) of the Oman Council Law, which states: “The Shura Council decides at the beginning of each annual session the programme of ministerial statements and their discussion topics that will be presented during the session, based on a joint proposal from the Council’s office and the heads of the Council.”

The permanent committees therein, and the President of the Council must inform the government of this programme, specifying the elements and topics that each statement must include, according to the topic or sector to which the statement concerns.”

The Shura Council will hold its fifth regular session of the first annual convening for the 10th term (2023-2027) on February 28.