Oman’s Sultan Says Government’s Plan Serves ‘Financial Sustainability’

Oman's Sultan Haitham bin Tariq. File photo
Oman's Sultan Haitham bin Tariq. File photo
TT

Oman’s Sultan Says Government’s Plan Serves ‘Financial Sustainability’

Oman's Sultan Haitham bin Tariq. File photo
Oman's Sultan Haitham bin Tariq. File photo

Oman's Sultan Haitham bin Tariq has affirmed that austerity measures endorsed by the authorities aim at achieving “financial sustainability.”

Sultan Haitham on Wednesday addressed the nation on television on the occasion of the country’s 50th National Day.

“Despite the challenges facing our economy, the financial balance plan, and the measures that have been taken are sufficient to bring our economy to a safe shore,” he said.

In his speech, the Sultan stated that the government had taken the necessary measures to mitigate the impact of the coronavirus pandemic.

Sultan Haitham stressed that to support the government’s ability to move forward in achieving Oman 2040 Vision, “we have worked to develop the state’s administrative apparatus and the restructuring of the Council of Ministers, and we have entrusted to it the responsibility of implementing development plans” in a way that enhances government performance and raises its efficiency."

The Sultan added that his government will continue working on “reviewing" legislative and supervisory mechanisms, and developing accountability tools as a “main pillar of Oman’s future.”

He stressed the importance of accountability in “safeguarding the rights of the nation and citizens,” and its role in establishing justice and integrity.

On decentralization, Sultan Haitham said in his speech, “We have laid the organizational basis for local administration by establishing a decentralized administrative structure."

He stressed that the health, social and economic sectors are at the top of the government’s priorities, with an emphasis on continuing to support these sectors “to provide health services and education with utmost efficiency.”

The Sultan also highlighted the positive aspect of the pandemic on the government’s digital transformation, saying it helped accelerate its pace.



Riyadh to Host Global Real Estate Leaders at Cityscape Global 2024 Exhibition in November

Riyadh will host the second edition of Cityscape Global 2024 in November. (Cityscape Global)
Riyadh will host the second edition of Cityscape Global 2024 in November. (Cityscape Global)
TT

Riyadh to Host Global Real Estate Leaders at Cityscape Global 2024 Exhibition in November

Riyadh will host the second edition of Cityscape Global 2024 in November. (Cityscape Global)
Riyadh will host the second edition of Cityscape Global 2024 in November. (Cityscape Global)

Riyadh will host the second edition of Cityscape Global 2024 in November.

Saudi Minister of Municipalities and Housing Majed Al-Hogail will inaugurate the event that will be held from November 11 to 14 under the theme "The Future of Living."

The event aims to expand local and international investment opportunities in Saudi Arabia's rapidly evolving real estate sector.

The Cityscape Global 2024 exhibition will showcase transformative projects, announce significant partnerships, and feature a lineup of new agreements.

It will highlight cutting-edge real estate practices, focusing on quality, time-saving approaches, and modern construction methods aligned with Saudi Arabia's vision for progressive urban development.

The four-day exhibition will present the latest in architecture, design, urban planning, and innovative real estate legislation, giving visitors a glimpse into the future of sustainable and efficient building solutions.

Attendees will have the opportunity to engage with global leaders in real estate, architecture, and design and meet the founders and investors behind prominent local, regional, and international brands.

The exhibition, the world's largest real estate event, will host over 400 exhibitors, including architectural and investment firms, engineers, planners, landscape architects, and interior designers, as well as companies specializing in construction technology.