Monday, December 11
12:35 PM

MoCIIP raises awareness on market competition


Muscat – The Ministry of Commerce, Industry and Investment Promotion (MoCIIP), in collaboration with Oman Chamber of Commerce and Industry, organised a workshop titled ‘Together to Ensure Freedom of Competition’ in Taqah, Dhofar on Tuesday.

Held under the patronage of Sheikh Tariq bin Khalid al Hinai, Wali of Taqah, the event witnessed the participation of government officials, entrepreneurs, and small and medium enterprise owners in the governorate.

The workshop featured informative sessions addressing various topics, including the competencies of MoCIIP’s Centre for Competition Protection and Antitrust Prevention, anti-dumping measures, and prohibited practices in international trade.

The objective of the workshop was to raise awareness about the economic laws and regulations that safeguard competition, prevent monopoly and combat dumping and harmful practices in international trade.

Zaher Mohammed al Mahrouqi, Director General of Centre for Competition Protection and Antitrust Prevention, highlighted the significance of protecting competition to stimulate innovation, enhance service quality, generate employment opportunities, and lower prices for consumers.

“The ministry considers competition protection and antitrust prevention essential components of its economic and commercial endeavours. These efforts align with Oman Vision 2040, which prioritises competitiveness as a means to achieve sustainable economic growth and prosperity,” Mahrouqi said.

By prioritising competition protection, Oman is poised to create a vibrant business
environment that encourages innovation, supports entrepreneurship and benefits consumers across various sectors.

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