Business

178% jump in Invest Easy transactions

 
BUSINESS REPORTER

MUSCAT, FEB 26

More than 183,000 transactions have been handled through the ‘Invest Easy’ portal in 2021, representing a growth of 178.8 per cent over the previous year’s total of 65,705 transactions, according to the Ministry of Commerce, Industry and Investment Promotion.

In a statement to ONA, the Ministry said the applications for various service were received via its offices (14,247), through its departments and directorates (48,452), through self-service avenues (36,662), via portals operated by the Sohar, Duqm and Al Mazyuna free zones), through law firms (478), and by Sanad offices (81,898 transactions).

Besides offering convenience, ease of use and speedy processing services, the Invest Easy portal also enables companies to update their corporate particulars electronically, reduces hidden practices, and creates a professional environment suitable for business and investment.