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Commerce and Industry Undersecretary visits Madayn

26 Aug 2020

H E Dr Saleh bin Said Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, and chairman of Madayn’s board of directors, visited the headquarters of the Public Establishment for Industrial Estates (Madayn) on Wednesday at the Knowledge Oasis Muscat.

H E Masan was acquainted with the key projects in the various industrial cities of Madayn, available investment opportunities in the industrial cities including for the SMEs, Madayn’s institutional transformation and strategic plan in line with Oman Vision 2040, a press release said.

H E Masan was also introduced to the vision of Madayn in enhancing the sultanate’s position as a leading regional centre of manufacturing, ICT, innovation and entrepreneurship excellence, and its mission in attracting industrial investments and providing continued support, through regionally and globally competitive strategies.

Madayn officials delivered a presentation on Oman Investment and Development Holding Company (Mubadrah), which was established by Madayn to develop and improve the operational processes, competitiveness, infrastructure and facilities of the various industrial cities. Mubadrah also aims at strengthening Public-Private Partnership (PPP) and attracting international developers and operators in accordance with best practices in the development of industrial cities.

The officials also highlighted Masar Service Centre, which is designed to offer an investment window with a unified system that facilitates and simplifies the procedures for the investors, which allow the investors to obtain approvals, permits and licenses required for their projects under one roof and during specific time period.

Additionally, Madayn officials delivered a presentation on the National Business Centre (NBC), which offers promising Omani entrepreneurs a platform to develop their business ideas into growing ventures. Moreover, a presentation was delivered on Madayn Industrial Academy which was established with the aim of developing national human cadres of Madayn, and the firms and factories based in the various industrial cities.

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