AFIED delegation visits PEIE

Business Reporter -

MUSCAT, NOV 21 -

A delegation representing Arab Union for Industrial Exports Development visited the headquarters of the Public Establishment for Industrial Estates (PEIE) at the Knowledge Oasis Muscat yesterday. Received by Omar bin Mohamed Muqaibal, Director General of Marketing and Media at PEIE, the delegation was acquainted with the industrial estates that fall under the umbrella of PEIE and the incentives and facilities offered to local and foreign investors.

The delegates were also briefed 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.

Moreover, PEIE officials highlighted the objectives of PEIE which include attracting foreign investments to the Sultanate and localising the national capital; and contributing to stimulating the private sector to achieve sustainable economic and social development.

PEIE objectives also include 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 other sectors.

Besides, the delegates were briefed on the role played by the Knowledge Oasis Muscat to develop an ideal environment for the growth and prosperity of companies specialised in the field of Information and Communication Technology in the Sultanate.