MUSCAT: A delegation from the Czech Republic expressed interest in expanding investments in the Sultanate during a visit to the Public Establishment for Industrial Estates (PEIE) on Tuesday, as part of the Czech delegation’s ongoing visit to the Sultanate.
The two sides discussed aspects of co-operation through trade and investment.
PEIE officials briefed the visiting delegation on the vision, mission and main services of PEIE and highlighted the various industrial estates that fall under its umbrella throughout the Sultanate, in addition to the Knowledge Oasis Muscat (KOM) and Al Mazyounah Free Zone.
The officials highlighted the PEIE’s vision, 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 regional and global competitive strategies, good infrastructure, value adding services, and easy governmental processes.
The Czech delegation was briefed about the objectives of the PEIE, which include 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, and reinforcing co-operation with related international and regional organisations to boost the exchange of experience, in addition to knowledge and techniques used,developing employees’ skills and performance through a set of training programmes,contributing to creating new job opportunities,and encouraging exports and the establishment of export industries.
The objectives also included increasingthe market share of locally manufactured products,stimulating the economic sectors in the Sultanate including transport, tourism, banking, among others,and achieving environmental sustainability.
They were also acquainted with the value-adding initiatives managed by PEIE, which include Origin Oman Campaign, National Business Centre (NBC), Industrial Innovation Centre (IIC), and Human Resources Development Centre, in addition to the Communication and Investor Services Centre.
