Muscat: Sultan Qaboos Bin Saeed has hoped that the Eighth Five-Year Plan (2011-2015) will enhance the Omani Renaissance march and open new horizons for better future.
Presiding over the Council of Ministers’ meeting at Bait Al Barakah on Tuesday night, the country’s leader pointed out that the Plan is targeted at increasing the economic growth rates which in turn improves the citizens’ living standards and achieves a qualitative leap in the economic diversification sectors.
“Increasing the growth rate will be realised through encouraging investments that aim at setting up producing projects in the sectors that have direct impact on all regions of the Sultanate,” he said.
He also hoped that the better growth rate would help generate more job opportunities for the national manpower.
Oman earlier this week announced that it would spend 3o billion Omani riyals in the Eighth Five Year Plan, a jump of 113 per cent compared to the Seventh Five Year Plan.
He asked the council of Ministers to attach more attention to develop human resources and improve the skills of the citizens to enhance their capabilities to address the requirements of the coming stage.
The country’s monarch hoped that all efforts will collaborate to ensure constructive cooperation among countries to support the stability there and achieve growth rates that meet the aspirations of their peoples.
The Sultan thanked the citizens for their reverent feelings during the Sultanate’s celebrations of the 40th National Day, in which they expressed their loyalty to their leadership and dedication to go ahead in supporting the country’s march towards achieving more progress and prosperity.
He also thanked the government for its efforts to shoulder its responsibilities completely and the tangible achievements made during the implementation of the Sixth and Seventh Five-Year Plans, which witnessed great progress and economic diversification.
