The digital transformation taking place in Oman means the country will be cutting back on layers of regulations in order to make ‘doing business’ far easier than ever before, in line with Oman Vision 2040, said H E Sayyid Badr bin Hamad bin Hamoud al Busaidi, Foreign Minister.
While addressing the International Institute for Strategic Studies Manama Dialogue 2020 on Saturday, H E Sayyid Badr said, “The sultanate has an open economy, promoting the free exchange of knowledge and expertise and opening up the economy in new ways towards more cooperation, trade, investment and tourism.”
“This includes plans to extend visa free entry for up to 30 days to citizens of more than 100 countries, significant developments in the labour policy, including the abolition of the no-objection certificate system,” he added.
Talking about local developments and Oman’s domestic policy, he said that the launch of a new fiscal policy will involve the introduction of new taxation and put an end to some long-standing subsidies.
“As the government designs and implements these policies, it is also taking particular care to make sure low-income families are properly protected. Security in the Middle East is nothing without the day-to-day security of its people. Their security involves not living in fear of poverty just as much as it means not living in fear of bombs and bullets. Those of us who enjoy prosperity and privilege owe it to our fellow citizens to make the kind of contribution that will guarantee the security of everyone else.”
On Oman’s policy, H E Sayyid Badr said, “We are committed to resolving conflicts by peaceful means. If we are to avoid misunderstanding, we must maintain engagement and dialogue with everyone, so it is important to have the best possible relations and mutual confidence with everyone.”
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