National
Industries Committee Discusses Industry Sector Updates

Muscat,
23 Feb (ONA) — The National Industries Development Committee held its second
meeting of the year (2025) in Muscat today. The panel discussed strategic
issues and followed up the implementation of recommendations made in its first
meeting.

The
meeting was chaired by Qais Mohammed Al Yousef, Minister of Commerce, Industry
and Investment Promotion, and attended by representatives of public and
private sector establishments concerned.

The
meeting also studied options to enhance the competitiveness of national
products, developments in allocating gas quotas to industrial projects, and a
decision to ban the export of some raw materials and industrial waste that
could be recycled. It also reviewed the mandatory list of local products and
services and listened to proposals submitted by the panel members on ways to
promote industrial projects in the Sultanate of Oman.

The
committee reviewed the outcome of a comprehensive study on protecting national
industries, the experiences of advanced industrial countries and the challenges
facing the industrial sector in Oman and ways to develop it in accordance with
the best international practices.

The
committee made a number of recommendations, including the need to provide
incentives to factories as part of an envisaged automation initiative, how to
benefit from financing programmes and proposals for quality industrial
projects.

The
committee stressed the importance of enhancing industrial investments,
supporting local products in government tenders, providing incentives for
emerging factories, coordination among the departments concerned to ensure the
realization of Oman 2040 Industrial Strategy and means of enhancing the role of
the industrial sector’s contribution to the national economy.

—
Ends/Bishara/AH