A high level delegation from Brunei recently visited Oman’s Public Establishment for Industrial Estates (PEIE) headquarters in Knowledge Oasis Muscat (KOM), to get acquainted with the investment opportunities in the sultanate.

The delegation from Brunei comprised Pehin Dato Lim Jock Seng, second Minister of Foreign Affairs and Trade, and Dr Mohammad Yasmin Umar, Minister of Energy and Industry, said a statement from PEIE.

The visitors were received by Hilal bin Hamad Al Hasani, chief executive officer of PEIE, and were briefed about PEIE and its industrial estates, besides the incentives and facilities offered to local and foreign investors, it added.

PEIE officials briefed the delegation on its aim to enhance the sultanate’s position as a leading regional centre of manufacturing, information and communications technology (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, it said.

PEIE’s objectives include attracting foreign investments to Oman 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 country including transport, tourism, banking, among others; and achieving environmental sustainability, added the statement.

The delegation were also introduced to the services and facilities offered by KOM for companies operating in the Information and communication technology sector, and the role played by it to develop an ideal environment for the growth and prosperity of companies specialised in the field of ICT in the country, said the statement.

The Brunei delegates were also informed about the National Business Centre and the role it plays in supporting Omani entrepreneurs to flourish their businesses, it added.

PEIE officials also underscored the objectives of Origin Oman Campaign, which is being run by PEIE to promote the sultanate’s industries, contribute to creating employment opportunities for the nationals, and subsequently contribute to the advancement of the national economy, it stated. – TradeArabia News Service