Turkey business delegation visits PEIE

Muscat: A Turkish business delegation visited the headquarters of the Public Establishment for Industrial Estates (PEIE) in the Knowledge Oasis Muscat on Wednesday.
The delegation was briefed on the investment opportunities available in the industrial estates that fall under the umbrella of PEIE in the different governorates of the Sultanate, and the incentives offered by PEIE to attract investors.
The delegation was familiarised with the vision of PEIE, which is to enhance the Sultanate’s position as a leading regional centre of manufacturing, ICT, innovation and entrepreneurship excellence.
PEIE officials highlighted the objectives of PEIE, which include attracting foreign investments to the Sultanate and localising the national capital, contributing to stimulate the private sector to achieve sustainable economic and social development, strengthening relations with the concerned authorities to ensure the flow of investment process and overcome any obstacles faced by investors, reinforcing cooperation with related international and regional organisations.
The Turkish delegates were also acquainted with PEIE’s investment arm – Shumookh Investment and Services SAOC. Established in 2010, Shumookh aims at developing infrastructure projects and encouraging investment in the industrial estates under PEIE.