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

Directors.

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

processes.

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