Oman’s Invest Easy portal sees 187% rise in transactions in Q2 2023

The number of transactions completed through the “Invest Easy” portal increased by 187 percent

Muscat: The number of electronic transactions completed during the second quarter of 2023, through the “Invest Easy” portal, the front offices of the Ministry of Commerce, Industry and Investment Promotion (MoCIIP), the Ministry’s departments and directorates, the free zones (Sohar – Duqm – Al Mazyona), advocated offices, and Sanad offices increased by 187.675 percent, to stand at 187,775 transactions compared to 159,968 transactions completed during the same period last year.

The Department of Information, Data and Statistics at the MoCIIP clarified that the number of transactions completed through the front offices of the ministry during the second quarter of  2023 reached 17,761 compared to 15,033 transactions during the same period of 2022, and the number of transactions completed across departments and directorates affiliated with the Ministry during the second quarter of 2023 reacehd 49,383 transactions, compared to 39,202 during the same period of the year 2022.

While the number of transactions that were completed through self-service portals during the same period of 2023 reach 50,983 transactions, compared to 45,417 during the corresponded period of 2022.

The number of transactions completed through the free zones (Sohar – Duqm – Al Mazyouna) in the second quarter of 2023 reached 476 transactions, compared to 1,098 transactions completed in the same period in 2022.

The number of transactions completed through advocated offices during the second quarter of 2023 reached 757 transactions, compared to 534 transactions completed during the same period in 2022, while the number of transactions completed through Sanad offices reached 68,415 transactions, compared to 58,714 transactions during the same period of the year 2022.

The Ministry of Commerce, Industry and Investment Promotion seeks to convert all the services it provides into electronic services in order to complement the efforts undertaken by the government in comprehensive digital transformation, as well as to enhance the investment environment in the Sultanate of Oman, and facilitate procedures for starting businesses to encourage investors to establish various projects that support the national economy and enhance activity, improving and facilitating the business environment, applying international best practices, and enhancing the Sultanate of Oman’s international indicators regarding the ease of starting doing business.