Oman Economic Committee reviews measures taken to support private sector resulting from COVID-19

Muscat:  The Economic Committee affiliated with the Supreme Committee to address the economic effects resulting from the Corona pandemic held a meeting today.

The committee’s statement came after the meeting:

The Committee to Address the Economic Effects of the Coronavirus Pandemic Reviews the measures taken during the last period to support the sustainability of the work of private sector institutions and companies and enhance their ability to adapt to exceptional situations.

Preventive measures and measures include packages related to commercial and industrial activities and facilities provided by the government to private sector institutions and companies, in addition to the emergency loan program to help some of the most affected groups of entrepreneurs in the country.

The committee also studied a number of issues related to the committee’s work and decided to submit recommendations to the Supreme Committee to take appropriate decisions in their regard.

It is reported that the committee was headed by His Excellency Mr. Hammoud bin Faisal Al Busaidi, Minister of Interior, Chairman of the Supreme Committee, and in the presence of the members:

His Highness Sayyid Taymour bin Asaad bin Tariq Al Said, Chairman of the Board of Governors of the Central Bank.
His Excellency Dr. Abdullah Al-Harrasi, Minister of Information.
His Excellency Sultan Al Habsi, Minister of Finance.
His Excellency Dr. Ahmed Al-Saeedi, Minister of Health.
His Excellency Eng. Saeed Al Maawali, Minister of Transport, Communications and Information Technology.
His Excellency Qais Al-Youssef, Minister of Trade, Industry and Investment Promotion.

The formation of the economic committee from the supreme committee came under the orders of His Majesty Sultan Haitham bin Tarik – may God protect him. Last June.

According to the high orders, the committee is in charge of addressing the economic effects resulting from the pandemic by setting up an appropriate mechanism to ensure the speedy return of economic activities to ensure rapid economic growth rates.