Muscat: The Office of the Shura Council held its ninth regular meeting of the third annual sitting of the tenth term (2023-2027) today, under the chairmanship of Khalid Hilal Al Maawali, Chairman of the Council.

According to Oman News Agency, the meeting reviewed several reports from the Economic and Financial Committee, including a report on the expressed desire to support national factories and highlight the importance of the industrial sector as a key driver for achieving national economic transformation. The focus was on ensuring sustainable growth, reducing reliance on imports, and enhancing the competitiveness of Omani products in local, regional, and international markets.

The Council Office also reviewed the Economic and Financial Committee's report regarding the expressed desire to establish a national center for guaranteeing financing for small and medium enterprises. The committee presented recommendations based on a technical study and analysis of the reality of small and medium enterprises in the Sultanate of Oman.

Additionally, a number of ministerial responses regarding follow-up tools submitted by Council members were reviewed.