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152.5 per cent increase in applications for industry in Q1 2021

2 Jul 2021

The number of industrial applications submitted for new registrations or renewals through the electronic portal Invest Easy in the first quarter of 2021 was 4,981, up 152.5 per cent compared to the same period last year when it received 1,973 applications, according to Ministry of Commerce, Industry and Investment Promotion (MoCIIP). 

Ibtisam bint Mohammad al Alawiya, secretary of Industrial Register in MoCIIP, informed that the number of new industrial applications for investments costing less than RO5,000 submitted to the ministry in the first quarter of 2021 was 4,737 compared to 1,936 in the same period in 2020.

The number of industrial applications for investments in range of RO5,000 to RO50,000 was 41 compared to nine in 2020, while the number of applications with investments in the RO51,000-RO100,000 range was 21 compared to five submitted last year. 

Ibtisam added that the number of new industrial applications for investments in the RO100,000-RO500,000 category was 26 compared to 11 in 2020, while there were 21 applications for projects exceeding RO500,000 compared to 12 in 2020.

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