Over 7800 GCC investors register in Oman in 2022

Oman records over 7,800 commercial registrations by GCC investors in 2022

Muscat: The Ministry of Commerce, Industry and Investment Promotion (MoCIIP) stated that the number of commercial records registered for investors from the Gulf Cooperation Council countries in the Sultanate of Oman during the past year 2022 amounted to (527) records, an increase of 16.3 percent over the year 2021, as it reached ( 453 records, and their cumulative number by the end of the year 2022 reached (7859) records.

The Department of Information, Data and Statistics at the Ministry indicated that the number of records registered for Emirati investors during the past year amounted to (164) records, bringing their cumulative number to (3695) records, while the number of records registered for Saudi investors during the past year reached (185) records, bringing their cumulative number to (1504). ) records, as the number of records registered for Bahraini investors during the past year reached (61) records, bringing their cumulative number by the end of the year 2022 to (1078) records, while the number of records registered for Kuwaiti investors during the past year reached (76) records, bringing their cumulative number by the end of the year 2022  to (1043). records, and during the past year (41) records were registered for Qatari investors, bringing their cumulative number by the end of 2022 to (539) records.

The Ministry of Commerce, Industry and Investment Promotion affirmed that its action plan is represented in economic diversification and growth, raising the classification of the Sultanate of Oman in international indicators and local added value, promoting foreign direct investment, balanced development in the governorates, and promoting and diversifying exports.

The ministry indicated that the various initiatives and plans that it put forward during the past period aim to facilitate procedures and contribute to promoting investment opportunities, bringing in quality investments in economic diversification sectors, creating the appropriate environment for the success and development of all investments, empowering and motivating the private sector to invest, transferring investments to them, and developing all sectors. , promoting in-country value programs in partnership with the private sector, improving the trade balance, enhancing the market share of the Omani product, ensuring the realization of the rules of free competition, strengthening the principle of decentralization, and developing a competitive business environment.