MUSCAT: The Public Establishment for Industrial Estates – Madayn, represented by Madayn Industrial Academy, organised today (Wednesday) a training programme entitled ‘Feasibility Analysis and Project Appraisal’. Moderated by Dharmaraj King, Partner – Consulting Division at Advanced Business Consultants, the training programme highlighted several topics related to market analysis, technical analysis, financial analysis and economic analysis.

The moderator pointed out that market analysis is concerned primarily with the aggregate demand of the proposed product/service in future, and the market share of the project under appraisal. The programme highlighted that technical analysis seeks to determine whether the pre-requisites for the successful commissioning of the project have been considered and reasonably good choices have been made with respect to location, size, and process. On the other hand, financial analysis seeks to ascertain the financial viability of the proposed project. Moreover, the economic analysis incorporates direct economic benefits and costs of the project measured in terms of shadow (efficiency) prices and not in terms of market prices; the impact of the project on income distribution, and level of savings and investment in the society; and the contribution of the project towards the fulfillment of certain merit wants like self-sufficiency, employment, and social order.

It should be noted that Madayn Industrial Academy was established in 2019 to offer training opportunities for the national cadres to enhance administrative, financial and technical skills, raise their productivity, provide value adding services to the investors in the industrial cities, and provide new job opportunities for the national cadres. Madayn Industrial Academy organises a series of training programmes and events that address trending topics and challenges locally and globally. The academy also organises training-for-employment in cooperation with the concerned bodies in this field. Madayn aims through the academy to develop the skills of the national cadres through providing scientific and practical training opportunities to the cadres in order to meet the needs of the industrial sector.