Call to cut delay in investment projects in Oman

A group of Omani businessmen and representatives of some small and medium-sized enterprises called for the need to reduce the number of entities, permits, and procedures accompanying the start of economic and investment projects in various commercial and service sectors.

The businessmen stressed during a meeting at the headquarters of Oman Chamber of Commerce and Industry (OCCI) on the need to reduce the delay in the completion of applications of economic activities, specifically the investment activity, to encourage the attraction of domestic and foreign investment and encourage stability and contribute to the achievement of economic and living prosperity. 

Said bin Saleh Al Kiyumi, Chairman of the Board of Directors of OCCI praised the role of the Council of Ministers and its keenness on the participation of OCCI chairman to represent the private sector in the discussions held in the Council on the factors affecting the investment climate and the business environment in the Sultanate. He also said that this meeting came as a result of the discussions held in the meeting at the Council of Ministers, adding that it comes within the framework of the partnership between the public and private sectors.

He explained that there are a number of factors and reasons that hinder the establishment of investment projects, including the number of entities that grant permits, which in some projects amount to 28 permits distributed to several government agencies, explaining that overcoming these factors has become urgent and necessary for the private sector to continue its economic, development, investment and social path.

Source: Timesofoman