Oman seeks bigger role for private sector

Mubasher: The Omani Ministry of Commerce and Industry (MoCI) urged the private sector to enhance its efforts to contribute to economic growth and job creation.

The ministry seeks to enhance the capabilities of the commerce and industry sectors by developing general policies, studies, legislations and ensure their effective implementation, according to Oman News Agency (ONA).

Data of the data ministry’s statistics department showed that commercial registrations in the third quarter of 2017 reached 6,415 including 3,941 entrepreneurs, 25 errand sellers, 485 domestic business, 353 partnership companies, 254 commandite companies, 1,162 limited liability companies, 3 commercial representation offices, 173 investment companies, 12 branches for international companies, 4 closed joint stock companies and 3 public organizations.

The Omani government aims at achieving e-transformation through Invest Easy Portal which processes transactions very quickly with high accuracy in sharing information among relevant stakeholders, ONA noted.

The e-transformation will play a key role in improving business environment in the Oman, according to the MoCI.

Mubasher Contribution Time: 06-Jan-2018 20:45 (GMT)
Mubasher Last Update Time: 06-Jan-2018 20:45 (GMT)