Oman Vacation Trips
Oman Economy - Development Plans
Island Trips Arab Destinations offers travel tips and information for top travel places and best destinations. We feature links, resources and large selection of budget airlines, chartered planes, sea cruises, ferries, travel agencies, land transports and attractions including beaches, medical tourism, retirement homes, historical and pilgrimage tours.
The Omani economy has been radically transformed over a series of development plans beginning with the First Five-year Plan (1976-1980). At Sultan Qaboos's instruction, a vision of Oman's economic future up to the year 2020 was set out at the end of the first phase of the country's development 1970-1995. Vision 2020, outlined the country's economic and social goals over the 25 years of the second phase of the development process (1996-2020).
Oman 2020, held in June 1995, has developed the following aims with regard to securing Oman's future prosperity and growth:
* To have economic and financial stability
* To reshape the role of the Government in the economy and to broaden private sector participation
* To diversify the economic base and sources of national income
* To globalize the Omani economy
* To upgrade the skills of the Omani workforce and develop human resources
A free-trade agreement with the United States took effect 1 January 2009, eliminating tariff barriers on all consumer and industrial products. It also provides strong protections for foreign businesses investing in Oman.
Travel Quotes: We shall not cease from exploration, and the end of all our exploring will be to arrive where we started and know the place for the first time. T. S. Eliot
It is better to travel well than to arrive. Buddha