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Supreme Council of Planning reviews report on Oman's economic performance
December 9, 2018 | 10:14 PM
by ONA
The Supreme Council of Planning met under the chair of Dr. Ali bin Masoud Al Sunaidy, Minister of Commerce and Industry, Deputy Chairman of SCP. –ONA
 
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Muscat: Oman’s Economic Performance Report was reviewed by the Supreme Council of Planning (SCP) Council at a meeting yesterday.

The report showed that the Gross Domestic Product (GDP) grew by 15.1 per cent at the current prices, driven by the increase in total oil activities, especially natural gas activities, which grew by 23.2 per cent.

On the other hand, the contribution of non-oil sectors increased during the same period by 5.1 per cent. It was the fourth meeting held this year under the chair of Dr. Ali bin Masoud Al Sunaidy, Minister of Commerce and Industry, SCP Deputy Chairman.

Discussion were held on the progress of the development projects and the achievements in development projects within the framework of the Ninth Five-Year Development Plan (2016-2020), including the economic diversification projects until October this year, as well as the executive steps and procedures taken for the strategic projects adopted by the Council, and means to address the challenges facing the implementation of some of these projects and the steps taken by the Secretariat of the Council on the National Urban Development Strategy.



It also approved the mechanism of integration between the strategic and development projects being implemented in the Governorate of South Al Batinah and the necessary measures to ensure comprehensive and sustainable development through these projects. Outputs of the National Strategy for Adaptation and Mitigation of Climate Change were also reviewed as they deal with the climate change in an integrative manner.

The council stresses its support for the outputs of this strategy taking them into consideration within the framework of the National Urban Development



Strategy.

The Council also discussed a number of other topics and took appropriate decisions.

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