OCCI to contribute OMR2mn to combat COVID-19

Business Wednesday 25/March/2020 12:11 PM
By: Times News Service
OCCI to contribute OMR2mn to combat COVID-19

Muscat: The Board of Directors of Oman Chamber of Commerce and Industry (OCCI) has approved a sum of OMR2 million as a contribution in the Social Responsibility Fund of OCCI and the private sector to leverage government efforts to alleviate the impacts of coronavirus (COVID -19) pandemic and activate the private sector’s positive role in enhancing community service amid the current exceptional conditions.
The Social Responsibility Fund (SRF) seeks to foster the private sector partnership with the government to stem the spread of the virus. The OCCI intends to maintain the SRF’s role beyond these critical conditions and make it a constant source of social support.
In its meeting, the OCCI Board also slated another sum of OMR1 million to enhance the Job Security Fund established recently under the directives of His Majesty Sultan Haitham bin Tarik.
In the meantime, OCCI affiliate bodies have been exempted from paying outstanding renewal fees of the previous years as these have been substituted by one-year payment of outstanding balance towards the membership’s renewal of the year 2020. This comes in the implementation of incentives approved by the economic team of the Supreme Committee tasked with tackling the impacts of COVID-19 pandemic.