ISFU Methodology

The projects that ISFU supports and follows up are derived from several resources, particularly, the Sultanate`s economic plans, sectors` strategies, and official directives from relevant entities to support a number of important projects that will contribute to the economic and infrastructure development.

Ninth Five-Year Development Plan

As per the 9th Five-Year Development Plan (9FYDP), 19 economic, social, and enabling sectors have been identified to support economic diversification in the Sultanate. Relevant programmes and policies have been set to ensure these sectors growth through encouraging local and foreign investments, supporting small and medium enterprises (SMEs), facilitating and simplifying procedures, as well as overcoming obstacles that hinder investors and businessmen from doing business in Oman.

Ninth Five-Year Development Plan Macro-Environment Fiscal Framework Socio-Economic Development Competitive Advantage Global & Regional Economic Outlook Community possibilities and sustainability Economic sectors Enables Diversi-fication Core Oil and Gas Manufacturing Transport & Logistics Tourism Fisheries Mining Financial Services ICT Utilities Education Healthcare Private Sector Development/SMEs Business Environment Employment Youth and Culture Regional Development Other Social Development Science, Technology and Innovation Environment Protection, Sustainability and Crisis Risk Management Machinery of Government and E-Government Source: 9th Five-Year Plan (2016—2020). The Supreme Council for Planning Sectors targeted during 2017-2019

Functional Operating Process of ISFU

Functional Operating Process of ISFU Hand-over SM to PD Bypass 1 Identify sector/project selection& prioritization criteria 2 Identify strategic threats & opportunities 3 Identify focus sectors/areas 4 Identify/analyze potential quick opportunities 5 Prepare & schedule opportunity 6 Develop opportunity 7 prioritize projects/initiatives(based on the project selection & prioritization criteria) 8 Conduct hand-over between PD & IMP 9 Projects/Initiatives implementation support 10 Achievement of top line KPIs Agreed Sector/Project Selection & Prioritization Criteria Due Diligence & Investor Agreement Approved Upfront Plan & Risk Mitigation Latest on boarding of IMP Team Approved Execution Plan Handover PD to IMP Hand-over IMP to MDU Process Accountability Strategic Management (SM) Project Development (PD) Implementation (IMP) (Internal/External) Notes 1 Implementation team(s) will be involved as soon as possible subject to their availability, in any case they must join latest at the beginning Of `Prioritize Project/initiatives` stage 2. For ready projects/initiatives, the `Upfront Plan` becomes the `Execution Plan` 3. This above process shall be revisited and updated (if needed) every 6 months

The escalation mechanism is divided into several layers and effectively managed by ISFU

ISFU provides support to projects and initiatives it follows up, particularly when challenges occur and might hinder the implementation process. Therefore, ISFU adopts a clear mechanism in order to escalate challenges and overcome them.

The escalation mechanism is divided into several layers and effectively managed by ISFU 1 Challenge is raised by project owner and discussed by WG Problem solving/WIP 3 If a challenge isn`t solved with the 30 day period, it is escalated to the SC via ISFU Chairman Quarterly or whenever required 30 days on a monthly basis 2 ISFU works closely together with the MDU to provide the support required to problem solve 4 Final Escalation: Escalate to the Ministerial Committee for problem solving