• Oman

    • Oman Launches Project of National Register for Government Assets

    By on January 16, 2023
    cbo
    cbo

    Muscat: The Ministry of Finance began today the execution of a project titled “National Register for Government Assets”, which aims to initiate a comprehensive, integrated system for inventorying government assets.

    The register will help draft a unified strategy to ensure the centralization of its management, raise its efficiency and maximize benefits and revenues from the government. The overall aim is to utilize these revenues in an optimum manner, to help provide the State Budget with additional financial resources.

    The first phase includes the preparation of a model for the implementation of the Asset Registration Guide and the inventorying of assets belonging to the Ministry of Finance, the Ministry of Health and Muscat Municipality. The assets of other units of the State’s Administrative Apparatus (government departments) will follow suit.

    The project seeks to highlight the authentic value of government assets and determine the assets involved in public-private sector partnerships.

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