The Economy

Strategic Goals

• Achieving sustainable economic stability that helps raise confidence in the national economy, leads to recovery and spur development and resilience.
• Developing an effective mechanism for managing economic policies that support the achievement of high economic growth and the transition to a diversified economy.
• Creating a real partnership with the private sector through Establishing a higher council for investment and development representing the government, the private sector and the public sector.
• Attracting and stimulating investments according to specific priorities that support performance enhancement and high growth.
•  Increasing the competitiveness of national goods and services with comparative advantage and ensuring the reduction of imports.
•  Increasing the participation of women in the workforce and their contribution to the economy.
• Raising the absorptive capacity of grants and external loans and raising the contribution of allocation and use in line with national priorities.
• Achieving the sustainability of public finances by expanding and improving the efficiency of collection, allocation and use of public resources.
• Encouraging banks to contribute to economic recovery and support development by focusing on SMEs.
• Overcoming the liquidity crisis of the local currency through various measures.
• Reorganizing the exchange sector to ensure that it plays a positive role in the financial and banking market and in the economy as a whole.
• Developing sustainable solutions to reduce the deterioration of the exchange rate of the national currency.
• Developing reliable and successful alternatives to the current monetary policy-making approach, in order to combat inflation, maintain the price of the national currency and achieve economic growth.
• Reducing the unemployment rate to a minimum.
• Rural development and expansion of village projects and productive neighborhoods to limit internal migration to cities.
• Developing a package of programs geared towards the social economy.

Strategic Goals:

• Achieving sustainable economic stability that helps raise confidence in the national economy, leads to recovery and spur development and resilience.
•  Enhancing the role of the industrial sector to lead the national economy by focusing on competitive industries at the regional level.
• Expanding oil, gas and mineral exploration and develop existing sectors.
• Securing the local market needs of oil and gas derivatives.
•  Raising the productivity of the agricultural sector towards increasing self-sufficiency.
•  Enhancing the efficiency of the management and developing the national fisheries and marine resources and their optimal and sustainable utilization.
•  Increasing the contribution of the fish and marine sector to GDP and exports to boost the economy in foreign exchange.
•  Encouraging the expansion of investment in quarries.
•  Increasing quantities of exports of agricultural products with comparative advantage in the world markets so as not to affect ground water.
• Reducing the expansion of qat cultivation, rationalize the use of water and raise awareness of the dangers of pesticide use on soil and human health.
•  Encouraging agricultural research and expand the use of modern technologies in the field of water and irrigation and the management and reclamation of agricultural land and livestock.
• Protecting and investing natural resources from water, forests, vegetation, agricultural land and livestock (and natural preserves).

Strategic Goals

• Developing the energy sector and encouraging the expansion of renewable energy sources.
•  Increasing the size of electricity production based on diverse sources to cover the increasing needs of the economy and society.
•  Promoting the tourism sector in order to enhance its role in supporting the national economy and contribute to the advancement of development.
•  Managing and organizing Government lands with a view towards attracting investment.
• Providing modern infrastructure and services in the telecommunication and IT sector and strengthen opportunities to benefit from the information sectors.
• Developing a system of modern legislations in the telecommunication and IT sector that meets the needs of internal development and keeps pace with global developments and requirements.
• Rehabilitating other infrastructure, including the transport sector and the reconstruction of destroyed infrastructure by the war in such a way as to achieve social stability and a decent life for the citizen.
• Reconstructing and rehabilitating war-damaged government infrastructure.
• Developing and improve the main and secondary road network between provinces and districts.
• Developing urban development legislation.
• Diversifying and developing the financing mechanisms of urban development.
• Preparing urban plans at the national and local levels and develop the activation of the Urban Planning Law.
• Issuing and apply the Land/Real Estate Object Registration Law to ensure the stability of real estate transactions and maintain public and private real estate properties records