A Turkish business delegation yesterday visited the headquarters of the Public Establishment for Industrial Estates (PEIE) in the Knowledge Oasis Muscat. 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 and its mission in attracting industrial investments and providing continued support, through regionally and globally competitive strategies, good infrastructure, value adding services and easy governmental processes.
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 to boost the exchange of experience, knowledge and techniques used, developing employees’ skills and performance through a set of training programmes, contributing to create 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.
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.
The vision of Shumookh is to develop globally competitive industrial infrastructure in the industrial estates of PEIE and create the best environment for the growth of industries in Oman through the attraction of strategic partnerships to invest and implementation of diverse infrastructure development projects in the industrial estates pertaining to PEIE.