MUSCAT: State-owned companies will operate themselves to cover its expenses without the help of Ministry of Finance, according to President of Oman Investment Authority (OIA).
His Excellency Abdulsalam bin Mohammed Al Murshidi has confirmed that the companies owned by OIA are working on several sustainable projects and will cover their expenses. “We do not want to go to the Ministry of Finance to
to request for support for these companies,” Al Murshidi said.
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His Excellency indicated that more than 110 investment projects will be implemented and developed during the years 2021/2022, and their implementation will be extended during the tenth five-year plan.
According to Al Murshidi, more than 110 investment projects will be implemented in 2021 and 2022. Al Murshidi added that the volume of actual investment spending stood at OMR 2.6 billion in 2021. In 2022, the volume of spending is scheduled to stand at OMR 2.9 billion through the expansion of current projects and the accommodation of new projects.
Speaking in detail, Al Murshidi said that, in 2022, the volume of investment spending in the tourism sector is expected to stand at OMR 193 million, OMR 57 million in the mining sector, OMR 116 million in the logistics sector, OMR 156 million in the sectors of communications and information technology, OMR 99 million in the food sector, OMR 54 million in the fisheries sector, OMR 1.41 billion in the energy sector, OMR 803 million in the general services sector and OMR 52 million in sundry sectors.
