This improvement reflects its efforts to diversify industrial activities, increase industrial exports, and add value to the sector. Over the past seven years, Oman has risen from 72nd place in 2016 to its current position, the
news site added.
According to the Oman Observer, Oman's ascent of 16 places in just seven years showcases its growing industrial competitiveness, with even more growth expected in the future, supported by the industrial strategy set by the Ministry of Commerce, Industry, and Investment Promotion.
The article added that Saleh bin Saeed Masan, Trade and Industry Under-Secretary at the Ministry of Commerce, Industry, and Investment Promotion, emphasized Oman's commitment to increasing industrial competitiveness. The country is actively implementing programs and initiatives outlined in the Industrial Strategy 2040. The ministry is currently developing additional initiatives to enhance the efficiency of the industrial sector, adopt Fourth Industrial Revolution technologies in production, and empower national industries in global markets.
