The late Sultan of Oman Qaboos bin Said al-Said, who introduced “Omanisation” project. Submit.|Picture Credit: AP
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Sources, nevertheless, declared that the move was unlikely to immediately impact the economic sector which likewise is a major company of expat employees from South Asia.
In a remarkable development which is being closely studied here, the Gulf monarchy of Oman has asked all state-owned business to fire expat employees and replace them with local Omanis. The order reveals that the “Omanisation” project, which was introduced throughout the guideline of Sultan Qaboos who passed away on January 10, has magnified. Sources, nevertheless, declared that the relocation was unlikely to instantly impact the Omani economic sector which also is a significant company of expat employees from South Asia.
The order belonged to a financial guidelines issued by the federal government to state-owned companies on Wednesday which put down the path of indigenisation of the Omani economy. According to some quotes, around a third of Oman’s 4.6 milli