MUSCAT: The Ministry of Commerce, Industry and Investment Promotion has launched the automatic licensing service in the Musandam Governorate with the aim of creating an investment climate in the governorates of the Sultanate in implementation of the Oman 2040 vision.
Mohammed bin Abdullah Al Shehhi, Director of the Department of Commerce, Industry and Investment Promotion in Musandam Governorate, said in a statement to the Oman News Agency that the number of commercial records that were registered in 2020 AD in the province amounted to 154 commercial records, while the number of industrial licenses reached 159.
He added that the number of foreign investment companies existing in the Musandam Governorate until the end of June 2021 reached 146 companies, with a capital of OMR 348,962.50.
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Earlier, Dr Said Humaid Al Harthy, Wali of Khasab, said that the Governorate of Musandam receives great attention from His Majesty Sultan Haitham bin Tarik. He added that the recent royal directives focus on the development the Governorate to make it a hub for local and international investors.
