Businessmen set norms for investment projects

MUSCAT: A group of Omani businessmen and representatives of some small and medium-sized enterprises have called for the need to reduce the number of entities, permits, steps and procedures accompanying the start of economic and investment projects in various commercial and service sectors and activities in the Sultanate.
At a meeting held on Sunday at the headquarters of Oman Chamber of Commerce and Industry (OCCI), the businessmen have urged the need to reduce the delay in the completion of applications of economic activities, specifically the investment activity, to encourage the attraction of domestic and foreign investment and encourage stability and contribute to speedy economy and prosperity.
Said bin Saleh al Kiyumi, Chairman of the Board of Directors of OCCI, praised the role of the Council of Ministers and its keenness on the participation of OCCI chairman to represent the private sector in the discussions held in the Council on the factors affecting the investment climate and the business environment in the Sultanate.
He also said the meeting comes as a result of the discussions held in the meeting at the Council of Ministers, adding that it was held within the framework of the partnership between the public and private sectors. He explained about the number of factors that hinder the establishment of investment projects, including the number of entities that grant permits, which in some projects amount to 28 permits distributed to several government agencies, explaining that overcoming these factors has become urgent and necessary for the private sector to continue its economic, development, investment and social path.
At the end of the meeting, it was agreed on a set of key points that will be coordinated with the relevant parties in the government to be submitted to the Council of Ministers. — ONA

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