Muscat: The Ministry of Commerce, Industry and Investment Promotion is working in cooperation with the Ministry of Heritage and Tourism and a number of private sector’s companies on five investment opportunities, with investments of OMR960 million.
The opportunities are represented by a national destination for entertainment and tourism which will be established in the Wilayat of Barka in South Al Batinah, Yiti-Yenkit Project (Phase 1-B) in Muscat Governorate, Al Irfan City, Rawasi Project in the Wilayat of Bausher and Musandam Adventure Centre in the Wilayat of Khasab.
Faisal Said Al Hakamani, Director of Investment Opportunities Department at the Ministry of Commerce, Industry and Investment Promotion said that these initiatives aimed to attract qualitative investments in the economic diversification sectors and for creation of the engravement appropriate for the success and development of all investments.
The initiatives also aimed to empower and encourage the private sector to invest and to contribute to increasing the percentage of direct foreign investments in the gross domestic product (GDP) and promotion of the Sultanate as a promising investment destination.
He added that the investment opportunities comes within the Ministry’s plan for this year on the targeted key projects, programmes and initiatives which contribute to the development of the national economy.
