‘The government pays greater attention to investment spending so as to enhance investment climate and enable private sector to play greater role in investment projects and create more jobs’, the budget statement issued by the Ministry of Finance said on Tuesday.
Total investment spending is estimated at RO3.7bn in 2019, including RO1.2bn allocated for infrastructure projects, which are overseen by various government units; and an amount of RO2.5bn to be utilised by some state-owned-enterprises for the implementation of projects in industrial and services sectors.
‘This will help to boost economic growth and create more jobs. On the other hand, the government continues to implement the initiatives recommended by National Program for Enhancing Economic Diversification (Tanfeedh)’, the budget statement said. The statement noted that the spending on development projects will not be cut to ensure the completion of all ongoing projects without delay, and also to ensure that the relevant payments will be made on time.
According to the statement, the government’s focus is on the implementation and completion of a number of strategic projects, including: Construction of hospitals in Salalah, Khasab, and Suwaiq; water networks projects in a number of wilayats; construction of catering facilities, air cargo terminals and aircraft maintenance hangars at Muscat International Airport and Salalah Airport; implementation of Al Sharqiyah expressway project; implementation of Adam-Thumrait road dualisation project; implementation of infrastructure projects for Liwa City Housing Complex; construction of alternative housing units for the people whose houses were affected by Batinah coastal road project; construction of 400 housing units in Khor Souly (Salalah); and construction of a number of new schools, and implementation of additional facilities at some existing schools.