Youth, Economic Opportunity, and Oman’s Vision 2040

In an insightful panel discussion held at the oman across ages museum, 20 students from utas-muscat actively engaged with His Excellency Mahmood Al Aweini, General Secretary Of The Ministry Of Finance, And Her Excellency Dr. Liane Saunders, British Ambassador To Oman. The session provided valuable insights into oman’s economic progress, economic diversification, and international collaborations, all in alignment with oman’s vision 2040.

The discussion explored what vision 2040 means for the youth of Oman, emphasizing the critical role of young professionals and entrepreneurs in shaping the nation’s future. Panelists also addressed the initiatives being developed to strengthen economic growth, foster innovation, and enhance bilateral relations between Oman and the UK, ensuring that both nations are well-positioned for future success.

Oman’s Achievements in Economic Diversification & Development

The discussion shed light on Oman’s strong economic performance over the past year, emphasizing the wise leadership of His Majesty Sultan Haitham bin Tarik (HMSH) in advancing national development, fostering innovation, and enabling various industries.

To highlight Oman’s ongoing efforts, Her Excellency Dr. Liane Saunders posed key questions to His Excellency Mahmood Al Aweini, focusing on:

• Oman’s economic diversification: advancing growth across key sectors

• Government initiatives to enhance entrepreneurship and youth participation in the national economy.

• Oman’s diplomatic efforts and international collaborations, particularly with the United Kingdom and other global partners, to attract investment and strengthen relations.

• Sustainable economic growth strategies and Oman’s role in regional and global markets.

Active Student Engagement & Key Discussions

The session was highly interactive, with UTAS students demonstrating deep interest in the future of entrepreneurship, innovation, and international opportunities for Omani startups. Key discussion points included:

• How young entrepreneurs can capitalize on Oman’s evolving business landscape.
• The role of skills in preparing youth for leadership positions
• The impact of global economic shifts on local industries and workforce skills.
• Opportunities for Omani businesses to collaborate with UK-based startups and investors.
• The role of innovation and research in achieving vision 2040.

Students also engaged in a Q&A session, where they asked insightful questions about Oman’s policy directions, the government’s role in fostering a knowledge-based economy, and pathways to global expansion for Omani businesses.

Strengthening Diplomatic & Economic Relations

The discussion reinforced the strong diplomatic relationship between Oman and the UK, highlighting the potential for more future partnerships in trade, education, technology and other potential sectors. Both nations continue to explore ways to enhance economic cooperation, support youth initiatives and facilitate knowledge exchange between entrepreneurs, researchers, educationalists, and industry leaders.

The event concluded with a call to action for students, encouraging them to take an active role in Oman’s economic transformation, leverage global networks, and develop innovative solutions to drive future success. Panelists also advised students to focus on building their CVs by enhancing their skills and competencies, engaging in industry-relevant experiences, and actively seeking opportunities for professional development.

As UTAS remains committed to entrepreneurship, innovation, and global engagement, such discussions provide a valuable platform for students to gain knowledge, network with key decision-makers, and contribute to Oman’s Vision 2040.