KPI Tracker: Regulatory Quality - WGI

Regulatory Quality - WGI – KPI Status Overview

Trajectory Analysis

Oman’s Regulatory Quality score has improved from 0.42 to 0.55, a positive trend but still far from the 1.23 threshold needed for a top-30 ranking. Closing this 0.68-point gap in roughly five years would require an unprecedented pace of regulatory reform, making this one of the most challenging KPIs in the Vision 2040 framework. The improvement to date reflects real progress in business-environment streamlining, but the remaining distance is daunting.

Risk Factors

Regulatory reform faces institutional inertia and capacity constraints. The business environment still features overlapping jurisdictions and inconsistent enforcement. Price controls in some sectors dampen the perceived quality of regulation. The gap between policy intent and implementation remains significant.

Positive Signals

The Business Environment Improvement Commission (Tahseen) is streamlining licensing. The new Commercial Companies Law modernises corporate governance. Digital regulatory platforms are reducing bureaucratic friction. One-stop-shop business registration is now operational.

Methodology Note

World Bank Worldwide Governance Indicators (WGI) Regulatory Quality estimate, ranging from approximately -2.5 to +2.5. Based on perceptions from enterprise surveys, think tanks, and international organisations of the government’s ability to formulate and implement sound policies and regulations.

This tracker is updated quarterly by the Oman Vision 2040 Research Unit. Data sources include NCSI, the Central Bank of Oman, the World Bank, and relevant international organisations. Methodological notes are provided for transparency; users should consult primary sources for the most current figures.