Oman sees more than 100 requests for investment opportunities till March 2022

Muscat: The Ministry of Commerce, Industry and Investment Promotion stated that the number of requests for details of investment opportunities and initial feasibility studies available to the ministry in the industrial sector reached more than 100 requests until the end of March 2022.

This comes in line with the objectives of the Industrial Strategy 2040, as part of the ministry’s initiatives to find investment opportunities for various sectors, in cooperation with the Follow-up Unit for the Implementation of Oman 2040 Vision, the Oman Investment Authority, the Public Establishment for Industrial Estates (Madayn), Petroleum Development Oman, Nama Holding Group and Mazoon Dairy Company.

The Ministry of Commerce, Industry and Investment Promotion has called on the relevant authorities, represented by the Public Establishment for Industrial Estates “Madayn”, Khazaen Economic City, Oman Chamber of Commerce and Industry and local banks to support and adopt these opportunities with their return on the local economy and support the industrial strategy 2040.

Faisal bin Saeed Al-Hakmani, Director of the Investment Opportunities Department at the Ministry of Commerce, Industry and Investment Promotion, said that the investment opportunities offered for investment in the industrial sector amounted to 72, which were launched under the initiative of 100 industrial investment opportunities, where 50 opportunities were launched last year with preliminary studies and 22 investment opportunities with contracts and advance purchase beginning of the year.

He added that these opportunities come within the Ministry’s plans to develop the industrial sector by creating new economically feasible opportunities that help expand and diversify industrial facilities in the various governorates and states of the Sultanate of Oman, and it will also contribute to raising the contribution of the industrial sector to the Oman’s GDP.

He indicated that investment opportunities target sectors of industries that depend on local natural resources such as (food industries, petrochemical industries, minerals and metals, and industries dependent on various natural resources), in addition to capital-intensive industries such as: (medium and advanced technology such as used in the manufacture of ships and electrical products). engines and structural metal products), and industries that depend on knowledge, research and development such as: medical industries and environmental industries, noting that investors can apply for these opportunities through the electronic platform with the availability of pre-purchase contracts for these opportunities.