Committee for National Industries Development holds second meeting

Muscat: The Committee tasked with developing national industries and supporting Omani products held its 2nd meeting for 2021 under the chairmanship of Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion.

The meeting approved the technical specialised teams which support the committee in developing outcomes of the industrial strategy, supporting national products and increasing the added value to establish new industries.

The meeting also discussed the results and recommendations of the first meeting for 2021. It also touched on the ministry’s one-month-long campaign titled “Made in Oman”, which will start from November 19.

The committee supervises the implementation of the Industry Strategy 2040. It seeks to develop the converting industries and keep pace with technology and knowledge updates. It explores ways to inculcate the culture of industrial innovation, draft programmes and mechanisms for enhancing the contribution of small and medium enterprises (SMEs) to the industrial sector and improve product quality.

The committee also specialises in drafting strategies, policies, procedures and principles for applying added value in the industrial sector, generating new investment opportunities (to substitute imports and foster exports) and devising programmes for the promotion of Omani products quality to augment the volume of sales in local and international markets.