(MENAFN- Muscat Daily) Muscat -
The department of statistics of the Ministry of Commerce and Industry stated that the number of industrial licences as well as customs and tax exemptions issued during the first quarter of 2019 was 2,654 which is a whopping increase of 602.1 per cent over 378 during the same period last year.
The number of industrial licences issued in the first quarter of this year was 2,519, compared with just 326 licences issued in the first quarter of 2018.
The increase is due to a number of companies which instead of renewing their licences, preferred to apply for new licences. Most of those companies have also submitted the application due to the expiry of their environmental approvals. The electronic link of the Invest Easy system was also made operational to connect the industrial licences and environmental approvals.
The number of customs exemptions in the first quarter of the year was 130, compared to 39 in the same period last year.
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