Investment Benefits

Investment incentives

 

  • Studies on investment opportunities.
  • Industrial loans by Oman Development Bank
  • Setting up industrial areas and free zones that are provided with high quality infrastructure.
  • Exemption of equipment from the custom duties
  • Skilled national manpower as they are trained on working for industrial sector.
  • Exemption form custom duties on raw material imports.
  • Exemption of income tax
  • Special programs to subsidy SMEs such as intilaqa, Youth Fund, Al Rafd Fund, Sanad, the Public Authority for SMEs Development and Sharakah.
  • Encouraging exports and conducting study on the export markets and provide export credit guarantee.
  • Preference of national production in public procurement.
  • Encourage and promote local products through national products promotion campaigns.
  • Subsidy provided to poor performing companies to help them remain in the market and conduct study on rehabilitating such companies
  • Organize industrial competitions such as Sultan Qaboos Award for Industrial Excellence.
  • Take necessary measures against dumping of the local market.
  • Take necessary measures to avoid unfair competition among GCC states (under preparation).

 

Completive edges

 

  • Strategic location.
  • Political stability.
  • Membership of WTO
  • Standard GCC tariff.
  • Natural wealth
  • Agreements to encourage and protect investments.
  • Privatization policies.
  • Investment opportunities.
  • High quality infrastructure and organizational framework

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