Oman’s Foreign Minister, Sayyid Badr Hamad Al Busaidi speaking said at the 31st Annual Arab-US Policymakers Conference, Washington by the National Council on US-Arab Relations that Oman promotes humanitarian vision by encouraging youth for innovation to develop products and services for sustainable development.
He added that the Council’s contribution comes as a measure to foster elaborate and enlightened cooperation that stems from a global humanitarian vision.
The dialogue envisages the role that the United States wishes to assume in the modern Arab world, bearing in mind the nature of US commitment towards the security of the region, said Sayyid Badr, noting that GCC states may combine, in a better way, their relations with the United States alongside their ties with other powers.
In his statement, Sayyid Badr laid emphasis on the broad lines of the process of reorganization. He pointed out that transmission requires large investments in renewable energy and that Oman has some of the world’s top potential to produce solar power and wind power. In this context, he referred to a study that asserts that green hydrogen resources equate to ten multiples of its current oil and gas production.
Sayyid Badr explained that economic diversification and technological development will play a vital role in other areas for the sake of economic diversification and the establishment of partnerships with technology innovators in the future.
Sayyid Badr affirmed that Oman works hard towards encouraging innovation by supporting Omani youth and developing products, services, and SMEs. He added that Oman Vision 2040 made this approach a priority which promotes renewable energy, and emerging tech startups with government support and reflects a desire to ensure that the new economy is an economy that provides opportunities and prosperity for all,” he said.
Winding up his statement, Sayyid Badr said, “The American participation in the region will support security, stability, and prosperity more effectively than it was before through the development and implementation of policies that promote decarbonization, achieve economic diversification and enhance social integration.”