Muscat: The Inspection Department of the Ministry of Commerce and Industry and Investment Promotion (MOCIIP) recently closed an exhibition for not complying with its decision 527/2022, which regulates exhibitions, due to a lack of the required permit for hosting an exhibition.
Decision No 527/2022 made it easier for companies engaged in the MICE sector.
The decision introduces new categories of exhibitions – virtual exhibitions, exhibitions of products from industries based in the GCC, and specialized exhibitions.
The decision stipulates conditions for licences to organize exhibitions, including a minimum staff strength of two employees, one of who must be an Omani administrative manager. The Omani employee should also be registered with the Public Authority for Social Insurance.
The decision also stipulates that the license holder must have a fixed headquarters, and a bank account, and must pay the prescribed fees to the ministry.
According to an official in MoCIIP, the decision aims to facilitate the registration of companies organising exhibitions and conferences, attract regional and international exhibitions and conferences, enhance partnerships between the public and private sectors, stimulate the local economy, and attract foreign investments.
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