National team for Economic Complexity Index holds Its first meeting

Muscat: During its first meeting in 2026, the National Team for the Project to Improve the Sultanate of Oman's Performance in the Economic Complexity Index discussed the concept of economic complexity and its importance in measuring the diversity and sophistication of the economy's productive and knowledge capabilities, as well as its role in supporting the transition toward high-value-added economic activities and sectors.

The meeting was chaired by Dr. Nasser Rashid Al Maawali, Undersecretary of the Ministry of Economy and Head of the Team, in the presence of representatives of government entities,

The meeting reviewed the team's annual plan and operational plan, along with the proposed priorities and initiatives to improve the Sultanate of Oman's performance in the index during the coming phase, within the framework of national efforts aimed at enhancing economic diversification, developing the competitive ecosystem of the national economy, and improving the Sultanate of Oman's performance in relevant international indices.

It addressed a number of pillars related to developing the productive and export base of the national economy, enhancing exports with knowledge and technological content, and leveraging national potential and capabilities to expand into more diverse and complex products, thereby contributing to raising the added value of Omani exports and enhancing their competitiveness in regional and international markets.

The meeting emphasised the importance of integrating roles among member government entities, as well as strengthening coordination in implementing initiatives and following up on data and indicators associated with economic complexity, to ensure the unification of national efforts and directing them toward priorities with a direct impact on the Sultanate of Oman's performance in the index.

It also discussed the importance of enhancing communication and coordination with international organisations and entities responsible for preparing and publishing international indices and reports, as well as following up on the methodologies and data used in assessing countries' performance, which contributes to ensuring the accuracy of data pertaining to the Sultanate of Oman and boosting its presence in international indices related to economic competitiveness.

The team's work comes within efforts aimed at developing the competitive ecosystem of the national economy and linking national initiatives with international indices, thereby supporting economic policymaking and helping identify opportunities for improvement and developing productive and export capabilities, in alignment with the targets of economic diversification and Oman Vision 2040.

The Economic Complexity Index is one of the international indicators that measure the diversity and sophistication of economies' productive capabilities, based on the nature of the products they manufacture and export, and the accumulated knowledge, skills, and capabilities these products require.

The index provides a reading of the level of development of an economy's productive structure and its capacity to transition toward producing and exporting more diverse, complex, and value-added products, reflecting the level of knowledge and productive capabilities available in the national economy.