OPAZ Enhances
Investor Services through Package of Simplified Procedures

Muscat, 23 Mar (ONA) — The Public Authority
for Special Economic Zones and Free Zones (OPAZ) has enhanced its investor
services by unifying the service pathway, enabling investors to conduct
economic activities across all areas under its supervision. This streamlined
process allows investors to access all incentives, privileges, and
facilitations offered by the Authority through a single registration when
starting their projects.

Dr. Said bin Khalifa Al Quraini, Director
General of the Investment Development Sector at OPAZ, and its Spokesperson,
stated that the package of simplified procedures was launched in conjunction
with the unification of service procedures and fees across all special economic
zones and free zones under the Authority’s supervision. This initiative
contributes to encouraging investment in economic and free zones as well as
industrial cities, leading to an increase in the number of investors. He
explained that these measures aim to enhance the investment environment,
facilitate economic activities across different zones, and enable investors to
diversify and expand their investments in various locations.

Al Quraini further explained that the unified
service pathway is part of an integrated service system offered by OPAZ through
the One-Stop Shop. This platform allows investors from within and outside the
Sultanate of Oman to submit investment applications, open commercial
registrations, and obtain the necessary licenses electronically.

He pointed out that the unified pathway offers
significant flexibility for investors, enabling them to expand their economic
activities in any of the areas under the Authority’s supervision without the
need to obtain a separate commercial registration for each zone. This system
has reduced administrative and financial burdens on companies, enhancing their
ability to grow and expand.

Dr. Al Quraini also added that the adoption of
the unified service pathway has helped the Authority streamline commercial
registration procedures and collect accurate data on economic activities in
different zones. This supports future development plans by maintaining a
unified database that includes all commercial records and economic activity
licenses issued in cooperation with relevant entities.

He
affirmed that the Public Authority for Special Economic Zones and Free Zones
continues its efforts to develop the business sector in the areas under its
supervision, aiming to attract more investments and ensure transparency and
good governance in business management. By implementing the One-Stop Shop, all
permits and licenses are now issued through a single window, allowing land
selection and business licensing to be completed electronically within just one
day. This contributes to supporting the national economy and promoting
sustainable development across various governorates.

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Ends/Khalid