Muscat – South Batinah secured over RO9mn in investments across various sectors, including industry, food and logistics, in the first half of 2024. With this, total investments in the governorate exceeded RO459mn by mid-year.

Tariq bin Nasser al Harrasi, Director of Department of Commerce, Industry and Investment Promotion in South Batinah, highlighted a sharp rise in business activity. “The number of commercial records registered in the first half of 2024 reached 1,444, a 26.5% increase from 1,141 in the same period in 2023.”

Foreign investments also saw significant growth, with the capital of foreign companies increasing from RO7.8mn in the first half of 2023 to RO11.1mn in 2024 – up 42% increase. The number of industrial licences issued in the governorate more than doubled, from 1,652 in 2023 to 3,277 by mid-2024.

The administration also intensified efforts to ensure compliance with laws and regulations. “We conducted 1,380 inspection campaigns in the first half of 2024, compared to 407 in the same period last year,” Harrasi informed. These inspections are part of ongoing efforts to support the entrepreneurial sector and address any challenges in collaboration with relevant authorities.

South Batinah’s strategic focus on attracting investment continues to strengthen its position as a hub for commerce and industry.