Oman’s Ministry of Commerce to launch second package of Investment opportunity in Industrial sector

Ministry of Commerce
Ministry of Commerce

Muscat: The Ministry of Commerce, Industry and Investment Promotion will launch on Monday the second package of investment opportunity in the industrial sector that will contribute to attracting investments to the Sultanate of Oman.

In a statement Oman news agency said: 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 raise the contribution of the industrial sector to the gross product of the Sultanate of Oman.

The program will be launched as part of the Industrial Strategy 2040, as part of initiatives to find investment opportunities for various sectors, in cooperation with the Follow-up Unit for the Implementation of the Oman 2040 Vision, the Oman Investment Authority, the Public Establishment for Industrial Estates “Madayn”, the Petroleum Development Oman, Nama Holding Group and the Mazoon Dairy Company.

The inauguration ceremony will be attended by His Excellency Qais bin Muhammad Al-Yousef, Minister of Commerce, Industry and Investment Promotion, in the presence of a number of officials in the Ministry and with the participation of a number of ambassadors of the Sultanate of Oman and honorary consuls businessmen, investors, and representatives from the chambers of commerce and industry in the countries of the GCC.

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