Specialists: Localization of technology and expansion of value-added chains lead the transformation path to the green economy

The Omani economy is moving toward a new phase imposed by global transformations in energy and investment, and the green economy is emerging as one of the most promising paths to diversifying sources of income and creating new economic sectors and activities... The Omani economy is moving toward a new phase imposed by global transformations in energy and investment, and the green economy is emerging as one of the most promising paths to diversifying sources of income and creating new economic sectors and activities. While the Sultanate of Oman has geographic and infrastructure components that qualify it to benefit from these opportunities, the challenge remains in transforming green projects from individual investments into an economic system. Integrated, it generates local added value, and opens the way for new industries, quality jobs, and more sustainable investments. Specialists believe that the success of this transformation is linked to the extent of the Sultanate of Oman’s ability to localize knowledge and technology, expand value chains, and link green investment to industry, services, and the local economy. A real opportunity. Dr. Anwar bin Khamis Al Shayadi, assistant professor at the University of Technology and Applied Sciences, believes that the economy

For the Sultanate of Oman, green represents a strategic opportunity to redesign the economy, and not just add a new economic sector to existing sectors. In essence, the green economy does not only mean investing in renewable energy or reducing emissions, but rather it means rethinking how to produce goods and services, use energy, water, and materials, manage waste, design supply chains, and employ technology, so that we can produce greater economic value using fewer resources. He pointed out that investing in a green project can generate around it a wide system of activities in manufacturing, engineering services, logistics, maintenance, digital technologies, waste management and resource recovery, finance, research and development, and skills development.

Therefore, the real value does not lie only in the project itself, but rather in the value chain that can be created around it within the national economy. Based on research experiences in operations management and green supply chains, we find that one of the important concepts here is complementarity, not substitution. That is, we should not ask: Do we choose technology or green investment? Or do we choose economic efficiency or sustainability? Rather, the more important question is: How do we make technology, green investment, operational practices, and organizational capabilities complement each other so that the resulting value is greater than the value of each element alone?

This shift in mindset is very important; Because the green economy should not be viewed as an additional cost to the economy, but rather as an opportunity to redesign the economy in a more efficient, productive and competitive way. Rewarding returns Al-Shayadi pointed out that not every green investment is automatically profitable just because it is green, as the private sector needs a clear market, a viable business model, appropriate cash flows, calculated risks, the ability to expand, and a real competitive advantage.