Friday 09 / May / 2025
Muscat: A business delegation from India recently visited Rusayl Industrial Estate, which falls under the umbrella of the Public Establishment for Industrial Estates (PEIE). The delegates were acquainted with the vision, mission and main services of PEIE and the various industrial estates that fall under its umbrella throughout the Sultanate.
PEIE officials elaborated on the vision of PEIE, which is to enhance the Sultanate’s position as a leading regional centre of manufacturing, ICT, innovation and entrepreneurship excellence, and its mission in attracting industrial investments and providing continued support, through regionally and globally competitive strategies, good infrastructure, value added services, and easy governmental processes.
The delegation was briefed on the objectives of PEIE. These objectives comprise attracting foreign investments to the Sultanate and localising the national capital, contributing to stimulating the private sector to achieve sustainable economic and social development, strengthening relations with the authorities concerned to ensure the overflow of the investment process and to overcome any obstacles faced by investors.
Other objectives include reinforcing cooperation with related international and regional organisations to boost the exchange of experience, knowledge and techniques used, developing employees’ skills and performance through a set of training programmes, contributing to creating new job opportunities, encouraging exports and the establishment of export industries, increasing the market share of locally manufactured products, stimulating the economic sectors in the Sultanate including transport, tourism, banking, among others, and achieving environmental sustainability.
The Indian business delegates then visited Oman Fiber Optic, which was constituted in 1996 and commenced cable production in early 1999. The company uses state-of-the-art technology to draw fiber and manufacture world class fiber cable products.
