Muscat, The Implementation Support and Follow-up Unit (ISFU), in cooperation with the sectoral committees involved in the government programs and plans for economic diversification in the Sultanate, will review next Tuesday the key developments at the initiatives and projects produced by the National Program for Enhancing Economic Diversification (Tanfeedh). ISFU will also review its labs set since its establishment as per the Royal Decree No.50/2016.
ISFU pointed out that the economic diversification program came out with more than 100 initiatives and projects that cover tourism, logistics and manufacturing industries sectors, in addition to two complimentary sectors that include labour market, employment, finance and business environment. It added that these initiatives came as per a strategic trend for each sector namely increasing investments, enhancing contribution to the GDP and creating job opportunities for Omanis through these projects.
ISFU also affirmed that there has been a remarkable progress in these initiatives and projects in some sectors. The initiatives contributed to facilitating business environment and eliminating the difficulties facing investors. This in turn will improve the investment and economic environment in the Sultanate.
ISFU seeks to develop a follow up policy for the implementation of the development plans within the state’s general policies through following up the development plans and national economic programs to ensure their successful implementation. They also include involving the relevant organizations in developing the executive plans for their different plans and programs.
ISFU will set up an integrated system for the follow up, assessment and supporting the development plans and their executive programs. It will also maintain coordination with the relevant public organizations to identify the challenges facing them and seek to solve them through the mechanism that will be approved by ISFU, in coordination with these organizations. The Unit will also study the efficiency of the system for the follow up of the implementation of programs and plans that have been implemented by the organization and develop them in coordination with such organizations.
It will also create a database that documents the national economic, social and cultural projects, programs and plans, as well as identifying the procedures taken with regard to them. It will also organize conferences, seminars, courses and workshops in areas that will facilitate achieving the aims of the Unit. It will also propose the draft laws that contribute to following up and supporting the implementation of the development projects.
Source: Oman News Agency