The official Oman News Agency said that the Minister of Labor discussed today, Wednesday, plans to replace foreign workers with Omani citizens in government-run companies.
The Minister discussed those plans, which include a program to assign citizens to leadership positions, with the Oman Investment Authority and the CEOs of government companies.
Oman, rated “high risk” by all credit rating agencies, saw its debt rise to around 60 percent of GDP by the end of 2019 from less than five percent five years ago.
Plans to reform the state’s finances include privatizing government assets and increasing employment of Omanis amid difficulties due to low oil prices and the coronavirus pandemic.
The Oman News Agency said that government company officials who attended the meeting expressed their willingness to implement plans to replace foreigners with citizens and provide them with more jobs.
She added that the meeting also discussed ways to enhance productivity in national companies.
The Sultanate of Oman today began marketing dollar bonds that it hopes will generate up to three billion dollars, sources said earlier today, as the small oil producer seeks to boost its public finances.
These were the details of the news The Sultanate of Oman is considering replacing foreigners with citizens in... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at eg24.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
