MoCIIP to open “invest in Oman” hall on Monday

Muscat: The Ministry of Commerce, Industry and Investment Promotion will inaugurate the “Invest in Oman” hall on Monday to boost the business environment in the Sultanate of Oman, and to attract and localize foreign investments.

The opening of the hall is sponsored by H.E Sultan bin Salem Al Habsi, Minister of Finance, in the presence of a number of Excellencies and a number of investors from inside and outside the Sultanate of Oman.

The establishment of the “Invest in Oman” hall aims to provide a stimulating and attractive climate for investment locally and internationally, and to be the first reference for the investor through which he can complete all procedures and requirements for establishing, operating and finalizing his investment procedures in the Sultanate of Oman.

The hall will contribute to promoting the principle of complementarity of roles with companies in the government and private sectors. Through the presence of the entities involved in the investment system, in addition to providing a national database for investors with an integrated and studied investment map, and highlighting the sectors, laws and facilities for investors, so that the Sultanate of Oman is one of the best investment destinations.

Through the “Invest in Oman” hall, projects and investment opportunities available in the Sultanate of Oman will be presented and details related to each project, in addition to presenting the procedures and licenses related to doing business followed by the relevant authorities, supported by an electronic platform that tracks the localization of investment opportunities and a call center that works on receive investor service and receive inquiries and complaints.

The hall is also subject to all quality standards concerned with providing investor services through a team specialized in quality and compliance. The new website of the lounge “Invest in Oman” was opened, which was designed to comply with the requirements and data of investment marketing.

Ibtisam bint Ahmed Al Faroujieh, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion, said: “The Ministry is working to facilitate and develop the business environment to enhance the position of the Sultanate of Oman as a fertile environment for business and investment growth, and a leading destination to attract investors and entrepreneurs and by enhancing the integration of efforts between the concerned authorities.”

she added that the ‘Invest in Oman’ hall is the first platform to provide all services to investors and display investment opportunities that exceed one million Omani riyals, in cooperation with relevant government and private agencies, according to international best practices, noting that the hall came to embody the concept of complementary roles of government agencies. And private, to provide a unique model in serving investors, starting from the stage of discovering investment opportunities, through the stage of establishing and localising the project.

She explained that the hall, with the complementarity of its roles and the way it works; It makes it the first stop for the investor wishing to invest in the Sultanate of Oman. During which he will be able to learn about the investment environment, incentives, industrial, free and economic zones in the Sultanate of Oman, and the hall will enable the concerned authorities to overcome all the challenges facing the investor by activating the fast track in this aspect.

She indicated that there are 14 government agencies working inside the lounge to serve investors, in addition to 6 private bodies that can meet the needs of investors from within the hall, and to ensure smooth and speedy procedures according to a clear mechanism that will provide the lounge / account manager for each investor / which is the service through which the investor will deal with Only one person manages all its procedures with the concerned parties, and the basic digital environment of the lounge will provide the necessary tools to ensure that the investor’s journey inside the lounge is clear and of quality. – ONA

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