The Ministry of Commerce, Industry and Investment Promotion has unveiled 22 investment opportunities in the industrial sector as a part of the 100-strong initiative launched last year.

The initiative is being undertaken in cooperation with Oman Vision 2040’s Implementation Follow-up Unit, Oman Investment Authority, the Public Establishment for Industrial Estates (Madayn), Petroleum Development Oman (PDO), Nama Holding group, and Mazoon Dairy.

The launch ceremony was held under the auspices of His Excellency Qais Mohammed Al Yousef, the Minister of Commerce, Industry and Investment Promotion.

Dr. Saleh Said Al Masan, Undersecretary of the Ministry, said that the second package of investment opportunities in the industrial sector provides pre-purchase contracts, in addition to a 10 per cent preferential treatment opportunity to enhance in-country added value.

Later in the event, Aseela Salim Al Samsami, the Undersecretary of Investment Promotion in the Ministry, was quoted by the Oman News Agency as saying: “Investors top the priorities of the Ministry.”

She added that the investment promotion sector at the Ministry is willing to act on behalf of investors in finalising all their procedures in record time.

Lastly, a visual presentation of the second package of industrial opportunities was published by Sami Salim Al Sahib – the Director-General of Industry at the Ministry.

He added that the batch includes 15 opportunities endorsed by PDO, with total purchases of products equivalent to RO44 million; five opportunities by Nama for RO70 million; and two opportunities from Mazoon Dairy for RO600,000.