Quantitative and Qualitative Insights on Renewable Energy Investments Impact on Economic Diversification and Strategic Growth: The Case of Oman

Authors: Asma Kareem Al Balushi, Dr. Maria Teresa Matriano

DOI: https://doi.org/10.37082/IJIRMPS.v12.i4.231077

Short DOI: https://doi.org/gt76pr

Country: Oman

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Abstract: This study provides a comprehensive analysis of renewable energy investments in Oman, focusing on their impact on economic diversification and strategic growth as outlined in Oman Vision 2040. The research employs both quantitative and qualitative methods to gather insights from a large-scale survey and in-depth interviews with key stakeholders. The quantitative analysis revealed that 70% of respondents consider government policies to be extremely important in fostering renewable energy investments, indicating strong public support. Additionally, qualitative findings highlighted critical themes such as regulatory challenges, investment opportunities, and the need for technological advancements, offering a holistic understanding of the factors driving renewable energy adoption in Oman. The integrated approach provides actionable recommendations for enhancing the country's energy strategy, contributing to the broader discourse on sustainable economic growth in resource-dependent economies.

Keywords: Economic Diversification, Oman Vision 2040, Public Perceptions, Quantitative Analysis, Qualitative Analysis, Renewable Energy Investments, Stakeholder Engagement, Strategic Growth, Sustainable Development

Paper Id: 231077

Published On: 2024-08-29

Published In: Volume 12, Issue 4, July-August 2024

Cite This: Quantitative and Qualitative Insights on Renewable Energy Investments Impact on Economic Diversification and Strategic Growth: The Case of Oman - Asma Kareem Al Balushi, Dr. Maria Teresa Matriano - IJIRMPS Volume 12, Issue 4, July-August 2024. DOI 10.37082/IJIRMPS.v12.i4.231077

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