MoCIIP launches 22 investment opportunities in Oman's industrial sector

Oman Monday 17/January/2022 13:26 PM
By: Times News Service

Muscat: 22 investment opportunities related to manufacturing and industry have been launched by Oman’s Ministry of Commerce, Industry and Investment Promotion (MOCIIP).

The new avenues were created as part of the ministry’s commitments to create 100 new opportunities for investment in the industrial sector, and have been spread across three companies: Petroleum Development Oman (PDO), Nama Group, and Mazoon Dairy. It is hoped that the opening up of new areas for investment will encourage local and foreign investors to set up more operations in Oman.

15 of the opportunities are provided by PDO, amounting to investment value worth OMR44 million. PDO has created room for investment in the space of manufacturing of key components related to oil and gas, such as switchgears, measurement instruments, IPF valves, control valves, actuators, gas turbine air intake filters, raw materials for thermoplastic and thermoset pipes, rig spares, perforation explosives for oil and gas applications, CCTV camera poles, and low voltage motors.

Companies that specialise in the manufacture of chemicals such as enzymes, shale inhibitor polyamines, de-emulsifiers, and glycol, also have opportunities to invest in PDO’s operations.

As part of its collaboration with Nama, and its cross-sector in-country value efforts, PDO has also encouraged investment into the manufacture of reverse osmosis membranes, and in the fabrication of electrical steel towers and communication cables.
Five more areas of investment worth OMR70 million are provided by Nama Group, and another two are under Mazoon Dairy, worth OMR600,000.

Nama Holding is looking for investors and companies to set up the manufacturing of infrastructure such as capacitor banks in substations, air breaker switches, and smart electric meters.

A full list of areas open to investors can be viewed on the website,

Explaining the decision to expand investment to include these particular areas, Asila bint Salem Al Samsamiya, the Undersecretary for Investment Promotion at MOCIIP said, “The ministry took into consideration the need to distribute these investment opportunities across the various governorates of Oman.”

“This was done to help contribute to achieving economic and social development in each governorate, as well as provide job opportunities,” she added.

“This will help add to the economic and social dimensions of the development plans set up by each governorate.”
In this context, Dr Saleh bin Saeed Al Masan, the Undersecretary for Commerce and Industry at MOCIIP, added that the ministry will speed up the applications and approvals for investors who wish to set up operations in Oman. “This comes along with an integrated package of facilitating procedures, as well as providing incentives and privileges,” he  explained.

According to Sami bin Salem Al Sahib, the Director General of Industry at the ministry, “these opportunities were created to enhance the investment environment in the country by encouraging local and foreign investors to establish national industry, and promote the concept of added in-country value to the industrial sector, which in turn contributes to supporting the Omani economy.”

With inputs from Oman News Agency