What Mr Pasha and Mr Husain are now advocating is exactly what the National Economic Council approved in 1991, in the Approach Paper for the eighth five-year plan
(1993-98), but was stopped by the IMF from pursuing:
Under the Eighth Five-Year Plan
(2011--2015), the government invested heavily in infrastructure construction to enhance transport around Oman.
The members questioned Al Sa'eedi on delays in executing the health ministry's eighth five-year plan
The plan anticipates the average GDP (gross domestic product) growth to reach 28.6 billion riyals for the ninth five-year plan, compared to 24.6 billion riyals during the eighth five-year plan
Backed by the commitment of a solid government and macroeconomic fundamentals, almost all major infrastructure projects envisioned in Eighth Five-Year plan
are nearing completion.
Infrastructure projects will continue to give a fillip to the economy as well as generate employment opportunities as part of the eighth five-year plan
In the 2011 budget, the government announced Oman's eighth five-year plan
, to run from 2011 to 2015.
The Minister of Health stated that among the major health projects that will be implemented by the public sector, some are already operational and others will be opened within a few months, The Minister of Health said that there are several health projects included in the eighth five-year plan
and tenders have been floated for supervision and designing of several hospitals.
The country is midway through its eighth five-year plan
, launched in 2011 in the wake of the Arab Spring with an $11 billion budget, which will bring airport and seaport expansion, hospitals, roads and a rail network.
Oman is midway through its eighth five-year plan
, started in 2011 with an $11bn budget and gradually increased as the government sought to quell any increase in tension following the Arab Spring and invest increased oil revenues.
"The outlook for Oman's economy for the next five years is positive as the government has announced an expenditure of $111 billion during the Eighth Five-Year Plan
between 2011 and 2015.
"A key element for a vibrant economy is a thriving private sector and Oman's eighth five-year plan
offered tremendous opportunities for the private sector to experience sustained growth," said HE Darwish.