Muscat, With the aspiration of getting
familiarised with the investment climate in the Sultanate, a delegation
representing Bahrain Chamber of Commerce and Industry visited today
the Public Establishment for Industrial Estates (PEIE).
A meeting with the delegation was organised at PEIE’s
headquarters in the Knowledge Oasis Muscat (KOM) in cooperation
with Oman Chamber of Commerce and Industry.
The Bahraini delegation, which was chaired by Sameer Abdulla
Nass, Chairman of Bahrain Chamber of Commerce and Industry, was
received by Hilal bin Hamad al-Hasani, Chief Executive Officer of PEIE,
and Ayman bin Abdullah al-Hasani, Vice-Chairman of PEIE Board of
Hilal al-Hasani briefed the delegation on 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
PEIE officials explained the significance of the strategic location of
the Sultanate, the prominent features of the industrial sector and the
national economy. PEIE runs today a line-up of industrial estates in Al
Rusayl, Suhar, Al Buraimi, Raysut, Sur, Nizwa, Sumail, in addition to
Knowledge Oasis Muscat and Al Mazunah Free Zone.
Moreover, the Bahraini delegates were acquainted with the
objectives of PEIE which include attracting foreign investments to the
Sultanate and localising the national capital; strengthening relations
with the concerned authorities to ensure the overflow of investment
process and overcome any obstacles faced by investors; and
contributing to stimulating the private sector to achieve sustainable
economic and social development, among other objectives.
The delegates were also introduced to the role played by the
Knowledge Oasis Muscat to act as an ideal environment for the growth
and prosperity of companies specialised in the field of Information and
Communication Technology in Oman.
Additionally, PEIE officials gave a brief on PEIE’s investment arm �
Shumookh Investment and Services SAOC. Established in 2010,
Shumookh aims at developing infrastructure projects and encouraging
investment in the industrial estates under PEIE. The vision of
Shumookh is to develop globally competitive industrial infrastructure in
the industrial estates of PEIE and create the best environment for the
growth of industries in Oman through the attraction of strategic
partnerships to invest and implementation of diverse infrastructure
development projects in the industrial estates pertaining to PEIE.
Source: Oman News Agency