Commerce Ministry Launches Second Package of Investment Opportunities

Muscat, 17 Jan (ONA)—The Ministry of Commerce, Industry and Investment Promotion has unveiled 22 investment opportunities in the industrial sector as part of the 100-strong initiative launched last year.

The initiative is being undertaken in cooperation with Oman Vision 2040 Implementation Follow-up Unit, Oman Investment Authority, the Public Establishment for Industrial Estates (Madayn), Petroleum Development Oman (PDO), Nama Holding group and Mazoon Dairy company.

The launch ceremony was held under the auspices of Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion.

Dr. Saleh Said Al Masan, Commerce and Industry Undersecretary, said that the second package of investment opportunities in the industrial sector provides pre-purchase contracts, in addition to a 10% preferential treatment opportunity to enhance in-country added value.

On her turn, Aseela Salim Al Samsami, Undersecretary of Investment Promotion, said that investors top the priorities of the Ministry. She added the investment promotion sector at the Ministry is willing to act on behalf of investors in finalizing all their procedures in record time.

Then, Sami Salim Al Sahib, Director-General of Industry at the Ministry, gave a visual presentation about the second package of industrial opportunities. He added that the batch includes 15 opportunities endorsed by PDO (with total purchases of products equivalent to RO 44 million), 5 opportunities by Nama (RO 70 million) and two opportunities from Mazoon (RO 600.000).


Related News ..