Muscat – The Industry Committee of Oman Chamber of Commerce and Industry convened in Muscat on Sunday for its first meeting of the year.

The meeting focused on strategies to enhance development of national industries, improve competitiveness of Omani products both locally and internationally, and address key challenges facing the industry sector.

One of the main discussions centred on improving the industrial business environment. The committee emphasised the need to review and update laws and regulations that support the sector, as well as provide Omani factories more facilities to expand and increase productivity.

The committee also highlighted the importance of stimulating industrial investments by adopting more flexible policies, offering incentives for national industries, and facilitating innovation and adoption of modern technologies across various industries.

In alignment with Oman Vision 2040 objectives of economic diversification, the committee reiterated the need for collective efforts between all stakeholders to support the industrial sector. The vision aims to establish the industrial sector as a key pillar for sustainable development.

Tawfiq bin Abdul al Lawati, Chairman of the Industry Committee at OCCI, underscored the significance of supporting and protecting the national product to boost its competitiveness and facilitate its access to global markets. The committee also addressed the major challenges faced by Omani industrialists, both in domestic and international markets.