Ministry issued 843 industrial licences in Oman last year

Muscat: As many as 843 industrial licences were issued in 2015 with a total investment of OMR9.31 billion compared to 754 licences in 2014 with a total investment of OMR9.99 billion, according to the Ministry of Commerce and Industry data.
Engineer Mohamed bin Said Al Mahrouqi, acting secretary of industrial register at the Ministry of Commerce and Industry, said that the number of industrial registers (under issuance) during 2015 recorded a significant increase.
“One hundred and sixty-three industrial registers for existing projects were recorded during 2015, with a total investment of OMR427.12 million compared to 169 industrial registers for the existing projects recorded in 2014 with a total investment of OMR209.22 million,” he added.
Mohamed Al Mahrouqi indicated that the Ministry of Commerce and Industry seeks to attract various industrial investments through the incentives it provides for investors in the industrial sector.
The Sultanate entertains promising investment opportunities in the industrial sector. It also provides various raw materials, qualified human resources and many other essential elements that can give this sector an opportunity to grow constantly and gradually.
This is an objective sought after by owners of companies and factories; in addition to investors who will be able to take their decisions according to a vision based on sound and correct bases to achieve strategic goals of the Sultanate.
These goals include spreading an umbrella of security and supporting the economic boom through diversifying the sources of income and promoting investment. The ministry is now working on simplifying the procedures through its electronic portal ‘Invest Easy’.