A business delegation from India yesterday visited Rusayl Industrial Estate, which falls under the umbrella of the Public Establishment for Industrial Estates (PEIE). The delegates were acquainted with the vision, mission and main services of PEIE and the various industrial estates that fall under its umbrella throughout the Sultanate.
PEIE officials elaborated on the vision of PEIE, which is to enhance the Sultanate’s position as a leading regional centre of manufacturing, ICT, innovation and entrepreneurship excellence, and its mission in attracting industrial investments and providing continued support, through regionally and globally competitive strategies, good infrastructure, value adding services, and easy governmental processes.
The delegation was briefed on the objectives of PEIE. These objectives comprise attracting foreign investments to the Sultanate and localising the national capital; contributing to stimulating the private sector to achieve sustainable economic and social development; strengthening relations with the concerned authorities to ensure the overflow of investment process and overcome any obstacles faced by investors; reinforcing cooperation with related international and regional organisations to boost the exchange of experience, knowledge and techniques used; developing employees’ skills and performance through a set of training programmes; contributing to creating new job opportunities; encouraging exports and the establishment of export industries, and increase the market share of locally manufactured products; stimulating the economic sectors in the Sultanate including transport, tourism, banking, among others; and achieving environmental sustainability.
The Indian business delegates then visited Oman Fibre Optic, which was constituted in 1996 and commenced cable production in early 1999. The company uses state of the art technology to draw fibre and manufacture world class fibre cable products.
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