MoCIIP to announce 50 investment opportunities in industrial sector in Oman I Times of Oman

MoCIIP to announce 50 investment opportunities in industrial sector in Oman I Times of Oman

Muscat: To assist with implementing the Manufacturing Strategy 2040, and as a part of the initiatives of the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) to create new investment opportunities in various sectors, the ministry will announce on Monday 50 investment opportunities in the industrial sector in the Sultanate . The virtual ceremony will be under the patronage of HE. Qais bin Mohammad bin Musa Al Youssef, Minister of Commerce, Industry and Investment Promotion in the presence of several officials, foreign ambassadors, businessmen, investors and representatives of chambers of commerce and industry from GCC countries. The new investment opportunities are expected to contribute to attract other potential investment chances of more than OMR 200 million, and to the diversification of the industrial sector across the governorates of the Sultanate, which in turn will raise the contribution of the manufacturing sector in GDP of the country. According to MoCIIP, the contribution of the industrial sector till September 2020 has exceeded OMR 4, 110 billion, while the contribution of the manufacturing companies shares into the capital market during January 2021 reached to 25 per cent of the value of shares traded at Muscat security market. Engineer Sami bin Salim Al-Sahib, Director