New initiatives aim to bring more investors to Sultanate of Oman in 2022

New initiatives aim to bring more investors to Sultanate of Oman in 2022

“Our goal is to raise the Sultanate of Oman to the ranks of the developed countries around the world, in line with the objectives of Oman Vision 2040,” said Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion.

“The attention paid by His Majesty the Sultan – may God protect him – towards the national economy and the continuous role of the private sector, which plays its role as a partner of the government, reflects the importance of the role played by the various commercial and industrial sectors, alongside investment promotion, competition protection and preventing monopolies so that we may advance in economic development.”

Under six categories, the ministry has drawn up some 41 initiatives to create a positive business environment in Oman and attract more investors to the country in 2022.

Six initiatives are under the commerce sector, the most important of which are linking commercial transactions to the Bayan Platform; a national e-commerce plan; and e-documentation services. Nine initiatives are planned for the industrial sector, among which are the launch of new investment opportunities, improving the identity of national products and introducing Arabic e-certificates of origin.

When it comes to specifications and measurements, seven plans have been chalked out;