Muscat: The Ministry of Commerce, Industry and Investment Promotion signed a memorandum of cooperation (MoC) with Vale Company to conduct a feasibility study on developing a comprehensive industrial complex in Oman in line with international priorities of reaching net zero carbon emissions by the year 2050.
The MoC was signed by Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion and Rogerio Nogueira, Regional Director for Marketing in Vale Company.
The memorandum of cooperation is signed in partnership with the Public Authority for Special Economic Zones and Free Zones (OPAZ) and the National Programme for Investment and Exports Development (Nazdaher).
The agreement aims to achieve strategic goals within the framework of Oman Vision 2040.
The signing ceremony was attended by Dr. Saleh Said Masn, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry and Eng. Ahmed Hassan Al Dheeb, Deputy Chairman of OPAZ.