Workshop on new investment regulations of PEIE held

Muscat: Sur Industrial Estate, which pertains to the Public Establishment for Industrial Estates (PEIE), organised recently a workshop to introduce the new investment regulations of PEIE to the officials of investing companies and factories in the estate.
The workshop highlighted the new mechanisms and regulations to ensure better cooperation and avoidance of any irregularities or penalties. While giving details of the regulations and the associated articles, Eng. Ahmed Al Kasbi, director of operations at Sur Industrial Estate, pointed out the major aspects arising from the new regulations, the violations and sanctions.
Al Kasbi also highlighted the main licenses and mechanisms that should be obtained and followed by the factories and companies operating in the estate. Additionally, he emphasised on the importance of applying insurance for the industrial facilities to prevent any risks or loses. During the event, the investors discussed their observations and general recommendations on the new investment regulations and sanctions.