Oman’s Economic Diplomacy in Al Busaid Era

Abstract

The paper aims to examine the new form of diplomacy adopted by his Majesty Sultan Haitham bin Tariq which known as economic diplomacy. Diplomacy focuses on developing economic status of the country by having cooperation between political and economic institutions of the country. The paper is significant as it highlights an important pillar of Oman’s vision 2040, the vision that aim to diversify Oman’s economy instead of relying on oil as the major source of income in the country. The paper argues that Oman’s economic diplomacy is not a new trend in Oman’s foreign policy as Omanis used to practice it throughout the history, benefiting from the geographical location of Oman in Indian ocean. The paper highlights the significant role of this ocean in tracing the origin of economic diplomacy in Oman. The paper uses the qualitative approach in conducting the research and reaching its objectives. Secondary sources are used extensively in this paper. The paper has crucial impact in implementation of the objectives of Oman vision 2040 as it provide recommendations to how the country can achieve best results in implementing economic diplomacy.