The Investment Balance Index and its Role in Economic Diversity: Sultanate of Oman, North al Batinah Governorate: Sohar Province as an Example
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Autores: Ahmed bin Khalfan bin Amur Albadawi
, Anis Bouabid
- Localización: International Journal of Professional Business Review: Int. J. Prof.Bus. Rev., ISSN 2525-3654, ISSN-e 2525-3654, Vol. 8, Nº. 5, 2023 (Ejemplar dedicado a: Continuous publication; e01897)
- Idioma: inglés
- Enlaces
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Resumen
Purpose: The study aimed to clarify the reflection of the disparity in the growth of the productive sectors on the degree of economic diversification in the Sultanate of Oman, and to propose work according to the standards of the Tawazun Investment Index as an attempt to reduce the disparity and achieve balance in the growth of the non-oil productive sectors, and to find out the extent to which investor segments are satisfied with working according to those standards in an environment investment.
Theoretical Framework: Many studies that dealt with the issue of economic diversification agreed that despite the many and great efforts that the guardian authorities worked on translating to achieve the goal and strategy of economic diversification, they did not reach the desired level, and this reflects the lack of a specific theory in itself capable of resolving this problem and that it is necessary to focus On other aspects, to find out the extent to which economic diversification programs can succeed and reach the level of complete or required diversification.
Design/Methodology/Approach: The descriptive and analytical methods were used to cover the theoretical aspect of the study, and the statistical method was used to address the analytical aspects of the subject of the study through a questionnaire designed specifically for this purpose, and the questionnaire was unpacked and analyzed through the statistical analysis program (SPSS).
Findings: The results showed that the outputs represented in the growth of the non-oil productive sectors are a reflection of the inputs represented in the number of economic institutions and establishments and the number of workers in the non-oil productive sectors. The results of the statistical analysis showed that all forward-looking economic policies to enable the investment climate are important and serve the investment climate.
Practical and Social Implications: This study proposes working according to the Tawazun Investment Index criteria as an attempt to maximize the economic diversification programs in the Sultanate of Oman.
Originality/Value: This study provides researchers and decision-makers in the Sultanate of Oman with illumination for an attempt to address the problem of economic diversification and the use of practical solutions to maximize economic diversification programs by working according to the criteria of the proposed Tawazun Investment Index.
