Saturday 02 / August / 2025
Salalah: The Ministry of Commerce, Industry and Investment Promotion reaffirmed its commitment for the support of the Chinese investments in the Sultanate of Oman.
The ministry valued the role of Chinese companies in national priorities, mainly in the field of manufacturing and local content during the meeting of Dr Saleh bin Said Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, with a number of Chinese investors.
The meeting coincided with the third session of the Omani-Chinese Friendship Forum 2025 , held in the Wilayat of Salalah in Dhofar Governorate.
The meeting discussed a number of enquiries submitted by the representatives of the mega Chinese companies operating in the Sultanate of Oman, which dealt with the available investment opportunities, the mechanisms of boosting the value of the local content and the facilities and incentives offered in the promising economic sectors.
Dr. Saleh bin Said Masan said that the efforts for boosting the local content take into account the balance between increasing the percentage of local participation and the efficiency of the projects and achievement of the investment feasibility.
He also pointed to efforts for facilitating the establishment of foreign companies, mainly with the launch of Invest in Oman Centre as a common outlet for offering the investment services, including issuance of the licences, the link with the government departments and availability of translation and technical support for Chinese investors.
He said that the government offers a number of incentives including the reduction of basic services, tax and customs exemptions and flexible facilities related to employment of foreign manpower as per the type of activity.
He said that there are promising investment opportunities in a number of sectors which witness increasing local demand such as building materials, food industries, medical equipment and renewable energy technologies among others.
On the legal procedures for cancellation or transfer of the shares of partners in the joint stock companies when they are outside Oman, he said that the law allows the use of official attested authorisations for this purpose.
The authorisations could be issued in China attested by Oman Embassy in China and through the Investors Services Portal in case of implementation of some online procedures, he added.
