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Arabian Times > Gulf News > Oman Vision 2040 in action as 11th Five-Year Plan projects 300,000 jobs
Gulf News

Oman Vision 2040 in action as 11th Five-Year Plan projects 300,000 jobs

arabiantimesonline
Last updated: 2026/01/02 at 2:17 AM
arabiantimesonline Published January 2, 2026
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Oman is preparing for a major employment and economic push as it rolls out its 11th Five-Year Development Plan for the period 2026–2030, with projections indicating the creation of nearly 300,000 new jobs. Building on the achievements of its previous development roadmap, the ambitious plan underscores the Sultanate’s determination to accelerate economic diversification while expanding sustainable employment opportunities for its citizens.

The announcement follows the successful implementation of the 10th Five-Year Development Plan, under which approximately 175,000 jobs were generated across a range of sectors. Encouraged by this progress, the government has set a significantly higher target for the next phase, aiming to generate an average of 60,000 jobs annually over the five-year period. These opportunities are expected to be spread across both the public and private sectors, ensuring balanced growth and broader participation in the national economy.

Officials have emphasized that the 11th Plan is closely aligned with Oman Vision 2040, the long-term national strategy designed to reduce dependence on hydrocarbons and build a resilient, knowledge-based economy. By prioritising job creation alongside structural reforms, the plan seeks to empower Omani citizens, particularly youth and first-time job seekers, while enhancing productivity and competitiveness across key industries.

Economic diversification remains at the heart of the new development agenda. Sectors such as manufacturing, logistics, tourism, renewable energy, fisheries, mining, and the digital economy are expected to play a central role in generating employment. At the same time, the government is focusing on creating an enabling environment for private sector growth, recognising its vital role as the primary engine of sustainable job creation.

In addition to expanding employment numbers, the plan places strong emphasis on skills development and workforce readiness. Training, upskilling, and aligning education with market needs are expected to be key pillars, ensuring that Omanis are well equipped to meet the demands of evolving industries. Strengthening public-private partnerships and encouraging entrepreneurship are also expected to contribute to long-term employment stability.

The projected creation of 300,000 jobs signals a confident outlook for Oman’s economy and reflects a strategic shift toward inclusive growth. By combining fiscal discipline, targeted investments, and labour market reforms, the 11th Five-Year Development Plan aims not only to create jobs, but also to enhance job quality and career sustainability. As Oman moves  toward 2030, the new development plan reinforces the Sultanate’s commitment to building a diversified, resilient, and people-centric economy, one that places citizens at the core of national progress while laying the foundation for long-term prosperity.

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arabiantimesonline January 2, 2026
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