(MENAFN - Muscat Daily) Muscat -
The Ministry of Commerce and Industry (MoCI) has worked hard to utilise the investment elements, make procedures for investors easy, introduce available opportunities, planning and optimal use of various resources of the country in all the governorates of the sultanate.
The North Batinah governorate is one of the most important areas in the sultanate because of economic opportunities. The governorate has support services for investments in various sectors with various small, medium and large capitals.
Ali bin Khalfan al Ghaithi, director general of Commerce and Industry in North Batinah governorate, said that MoCI was making huge efforts to encourage investors, both from inside and outside the sultanate.
For the purpose, it is using promising investment opportunities in various industrial zones of the North Batinah governorate. This, it believes, would revive the economy of the sultanate to keep pace with the rapid changes taking place in the global economy as well as overcoming the challenges being faced by the investors keen to invest in the governorate.
Ghaithi said that the number of transactions done in the Directorate General of Commerce and Industry in North Batinah governorate in 2018 was more than 102,170, across its various departments.
He said that the North Batinah governorate has seen remarkable growth in the registration of various commercial and industrial activities, through the 'Invest Easy' portal. There were 84,989 transactions, made for various types of registrations, commercial and industrial licences, through the portal.
He said, 'The number of commercial transactions done last year was 82,527 which is an increase of more than 28 per cent compared with those of the year 2017. This increase is an evidence of the growth of commercial activity in the governorate and shows keenness of the investors to get benefit of various services in the governorate which help in the process of diversification of the economy.
Ghaithi said that the number of new and renewed commercial registrations done last year was 6,008. Of this, more than 5,000 were new commercial registrations. This number is clear indication of the increase in commercial activity and shows entry of new foreign investors in commercial and industrial activity.
This is due to the attractive environment for investment in the governorate. The number of transactions made for updating data of the commercial registrations reached to 33,794 transactions which included various types of applications and requests.