Muscat, Qais bin Mohammed al Yousef, Chairman of Oman Chamber of Commerce and Industry (OCCI), valued the role of the Supreme Committee tasked with tackling the impacts of coronavirus (Covid-19) pandemic and the efforts exerted by panel at the behest of His Majesty Sultan Haitham Bin Tarik, who, he said, is keenly monitoring the situation and is in close contact with the panel.
Al Yousef reaffirmed that the OCCI is following up the “exceptional circumstances” undergone by affected private sector firms, including small and medium enterprises (SMEs) owned by Omanis who run these enterprises as full-time managers.
The OCCI is doing its best to enable these firms to restart their business said Al Yousef, who urged the authorities concerned to provide emergency loans to the firms so that they could find solutions to their dwindling revenues hit hard by the pandemic.
The OCCI proposed measures to enable the SMEs to keep afloat and meet their obligations, including allowing SMEs to take soft loans worth the value of their fixed assets, along with three months’ rent and labour wages, provided that the loans be payable in three years.
Al Yousef also called upon the Supreme Committee to consider devising a plan for the gradual resumption of certain business activities that are closely linked to supply lines of the economic sector or business activities associated with services or activities that directly touch peoples’ life, starting with governorates that have few cases of infection.
He also proposed allowing business at a small scale so that production takes place indoor while service to customers gets headway through delivery service or electronic business platforms.
Source: Oman News Agency