69% PROJECTS UNDER TANFEEDH COMPLETE

MUSCAT: Sixty-nine per cent of industrial projects were completed at the end of 2018 under Tanfeedh, said Dr Ali bin Masoud al Sunaidy, Minister of Commerce and Industry. Speaking with industrialists on Sunday on challenges facing industrial sector and requirements to increase the contribution of the industrial sector to the GDP, he said the number of industrial projects under Tanfeedh had touched 26, some of which have reached various stages of production. “Implementation of the projects reached 40-90 per cent depending upon the nature of each project.”

The Ministry of Commerce and Industry celebrated the Omani Industry Day, which falls on February 9, to celebrate the first visit of His Majesty Sultan Qaboos to Rusayl Industrial Estate in 1991. Dr Sunaidy said the meeting (with industrialists) is an opportunity to review important indicators of performance of the industrial sector. He said, “The industrial sector is one of the five productive sectors that Tanfeedh focuses in the early stages of its implementation.”(Oman Observer)