Published on : Monday, May 24, 2021
In the tourism sector of Oman, around 10 percent of the workers are now the nationals of the country, as per a statement from the Ministry of Tourism on Sunday.
The sultanate, has been working hard to boost up the level of locals in the private sector just like its neighboring GCC countries.
There were around 15,500 Omanis working in tourism at the end of 2020, which accounted for 142,240 jobs in the sultanate.
This country on the southeastern coast of the Arabian Peninsula has invested in tourism, granting 20 licenses for projects. With the completion of these projects, Oman is targeting to provide 15,500 direct job opportunities and 31,000 indirect job opportunities with a total of 465,000 job opportunities, the statement said.
The Vision 2040 program of the country focuses on increasing the share of Omanis in the private sector workforce to more than 40 percent. Special quotas for sectors have been created. The government of Oman has taken measures to make sure the goal of Omanisation is being met.
At present, the quotas are set at 60 percent for transport, storage and communications; 45 percent for finance, insurance and real estate; 35 percent in the industrial sector; 30 percent for hotels and restaurants; 20 percent in the wholesale and retail trades; and 15 percent in contracting.
Oman’s wealth fund in January said that it would reorganize its investments related to tourism and real estate with Oman Investment Authority transferring a shareholding company, a tourism development project and resorts to the Omran Tourism Development Co., also known as Omran Group.