Saudi team gets acquainted with investment opportunities

Muscat: Members of Saudi Arabian delegation, which the Public Establishment for Industrial Estates (PEIE) hosted on Wednesday, were acquainted with the investment opportunities in the Sultanate’s various fields.
Received by Hilal bin Hamad Al Hasani, chief executive officer of PEIE, the delegation was briefed about PEIE and the industrial estates pertaining to the organisation, besides the incentives and facilities offered to local and foreign investors.
The officials highlighted the vision of PEIE, which is to enhance the Sultanate’s position as a leading regional centre of manufacturing, ICT, innovation and entrepreneurship excellence, and its mission in attracting industrial investments and providing continued support, through regionally and globally competitive strategies, good infrastructure, value adding services, and easy governmental processes.
They also familiarised with the objectives of PEIE which include attracting foreign investments to the Sultanate and localising the national capital and contributing to stimulating the private sector to achieve sustainable economic and social development.
Other PEIE objectives included strengthening of relations with the concerned authorities to ensure the overflow of investment process and overcome any obstacles faced by investors; reinforcing cooperation with related international and regional organisations to boost the exchange of experience and knowledge and techniques used.
Dveloping employees’ skills and performance through a set of training programmes; contributing to creating new job opportunities; encouraging exports and the establishment of export industries, and increase the market share of locally manufactured products; stimulating the economic sectors in the Sultanate including transport, tourism, banking, among others; and achieving environmental sustainability are also the objectives of the PEIE.
The delegates were also introduced to the main services and facilities offered by the IT Park that falls under the umbrella of PEIE – Knowledge Oasis Muscat (KOM). The delegation expressed their admiration of the impressive investment climate in the Sultanate.