Over 700 foreign investment companies in Al Buraimi

Al Buraimi: Over 700 foreign investment companies have been operating from Al Buraimi governorate till October this year.

Statistics issued by the Ministry of Commerce, Industry and Investment Promotion indicated an increase in the number of foreign investment companies in Al Buraimi Governorate until October of this year, reaching 777 companies, compared to 177 companies in 2022.

Hamad bin Mohammed Al Saeedi, Director of the Department of Trade, Industry and Investment Promotion in Al Buraimi Governorate, said that the volume of registered capital for foreign investment in the governorate amounted to more than RO 9 million, due to the economic stimulus plan, in addition to the services provided by the ministry to investors.

He added that the number of industrial establishments in Al-Buraimi Governorate reached (584) industrial activities, adding that the Department of Trade, Industry and Investment Promotion in Al-Buraimi Governorate is monitoring the markets and everyone related to commercial activity in the governorate, including shops, oil stations, gas companies, and promotional offers and discounts, according to Legislation regulating each procedure, in addition to following up on the offices that provide the service in the governorate in an effort to achieve the correct methods and techniques when using the Invest Easy system by the service providing offices (Sanad).

Al-Saeedi explained that the number of commercial records in Al-Buraimi Governorate reached (923) records until the end of September of this year, which were distributed in various commercial activities, as the number of individual merchant records reached (223) records, while the one-person company reached (363) companies, and companies The recommendation reached (9) companies, self-employment (5), while the number of joint liability companies reached (20) companies, while limited liability companies reached (303) companies.

It is worth noting that Al Buraimi Governorate is witnessing a promising commercial and industrial movement in various sectors due to its basic components for investment, the most important of which are geographical location, logistics, capital and commercial markets. The Department of Trade, Industry and Investment Promotion in the governorate is making continuous efforts and follow-up to facilitate the service of businessmen, investors, entrepreneurs and others.