Industry sector is cornerstone to Oman’s economic diversification

Industry sector is cornerstone to Oman’s economic diversification

Muscat: The Sultanate of Oman, represented by the Ministry of Commerce, Industry and Investment Promotion, celebrates the Omani Industry Day on 9th February every year.

This year the Industry Day theme is “automation of factories and artificial intelligence”.

The celebration comes within the reaffirmation of His Majesty Sultan Haitham bin Tarik on the significance of making the Sultanate of Oman a leading investment destination within the framework of the change to sustainable economy.

It also comes within the importance of the industrial sector as a major cornerstone for economic diversification and achievement of the targets of Oman Vision 2040 and the global transformation towards the technologies of the 4th industrial revolution.

To mark the occasion, the Ministry of Commerce, Industry and Investment Promotion will organise on Wednesday a celebration in the Wilayat of Sohar, North Al Batinah Governorate.

The celebration would see the signing of a number of agreements and memoranda of understanding coupled with the launch of initiatives in different fields.

The agreements and memoranda of understanding are expected to boost the productivity and open new horizons in the field of innovation.

The statistics issued by the National Centre for Statistics and Information (NCSI) showed that the contribution of the manufacturing industries in the GDP amounted