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New programme aims to achieve Oman's Manufacturing Strategy 2040 goals

The Ministry of Commerce, Industry and Investment Promotion (MoCIIP) emphasised that the governance, management, and development programme for the industrial sector aims at paving the ways for creating administrative, legal, organisational, coordination, technical, contractual and negotiation conditions for the ministry to successfully implement the Sultanate’s Manufacturing Strategy 2040.

The programme, which is part of the Manufacturing Strategy 2040, also aims at enhancing the methods of setting laws, regulations, processes and responsibilities.

It will support the ability of the government to implement the manufacturing strategy effectively and facilitate the implementation of other programmes of the manufacturing strategy, the MoCIIP said in a statement.

In order to achieve the objectives of the manufacturing strategy, many laws governing the industrial sector have been modernised to keep pace with the current and future stage. This will also help in developing new regulations that aim at enabling the implementation of the Manufacturing Strategy 2040.

In this context, Eng. Salim bin Suleiman Al Hatami, Director of the Directorate General of Planning and Industrial Studies at the Ministry of Commerce, Industry and Investment Promotion said, "The past few years have witnessed major changes in the Sultanate’s economic environment.”

“The new legal framework will reflect the conversion of the role of the MoCIIP in the future, toward playing an active role of strategic promoter for industrial diversification through utilising the incentives, policies, regulations and knowledge,” he added.

"Based on the outputs of the governance, management, and development programme, a National Industry Development Committee was formed to support the Omani products, enhancing the implementation of the Manufacturing Strategy 2040, addressing and tackling the manufacturing challenges," he pointed out.

The committee was chaired by the Minister of MoCIIP and the membership of relevant government entities and representatives of the private sector in the field of converting industries, while the development of the Sultanate’s converting industries in terms of technical aspects and enhancing the culture of industrial innovation is a part of the committee’s tasks.

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  • #Oman
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  • #Development
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