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IMF: Oman Must Create 220,000 Jobs by 2032

2/1/2025

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Summary

Story summary

Oman faces a pressing challenge: the IMF warns that over 220,000 jobs must be created by 2032 to support its expanding workforce. With expatriates dominating 86% of private-sector roles, the report emphasizes the urgency of addressing labor market inefficiencies and gender disparities, urging a shift towards economic diversification to empower Omani citizens, especially women, under the Oman Vision 2040 initiative.

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Story summary

Oman faces a pressing challenge: the IMF warns that over 220,000 jobs must be created by 2032 to support its expanding workforce. With expatriates dominating 86% of private-sector roles, the report emphasizes the urgency of addressing labor market inefficiencies and gender disparities, urging a shift towards economic diversification to empower Omani citizens, especially women, under the Oman Vision 2040 initiative.