MUSCAT: The Ministry of Commerce, Industry and Investment Promotion has launched an electronic licensing service via its Invest-Easy Portal. The service targets companies governed by the Foreign Capital Investment Law.

Aseela Salim Al Samsami, Investment Promotion Undersecretary at the Ministry, told Oman News Agency (ONA) that the initiative figures among the Sultanate of Oman’s plans to consolidate its competitiveness through the attraction of investments, improvement of the business climate and the streamlining of procedures.

The service offers a brief account about the type of project and the expected investment value, said Aseela, noting that the service seeks to establish a digital database identifying and benefiting foreign investments in Oman.