OCCI initiates comprehensive study to assess business environment in Oman

Muscat, The Gulf Observer: The Board of Directors of the Oman Chamber of Commerce and Industry (OCCI) has taken a significant step by deciding to initiate a comprehensive study report on business competitiveness. This report aims to serve as a valuable reference for various agencies within the country, providing insights to enhance the overall business environment and attractiveness.

In its eighth meeting of the year, presided over by Faisal Abdullah al Rawas, Chairman of the Board of Directors, the board approved the issuance of a tender to conduct a study focusing on challenges in the financing and economic diversification sectors.

Recognizing the government’s commitment to supporting the private sector and amplifying its role in contributing to Oman’s economy, the board underscored the importance of these initiatives. Throughout the year 2023, the sector has witnessed tangible and effective activities, marking strides towards fostering economic growth and resilience.

Against the backdrop of tangible and effective activities witnessed in the sector throughout 2023, the Board of Directors, in the same meeting, marked another milestone by approving the Oman Chamber of Commerce and Industry’s (OCCI) budget for the year 2024.

An official source conveyed that the budget report intricately outlined the projects, activities, and events slated for the upcoming year, aligning with the chamber’s strategic goals. Of particular focus was the chamber’s commitment to economic diversification, with the budget report serving as a roadmap to expand the economic base at the governorate level.

This strategic planning reflects the chamber’s dedication to advancing economic resilience and fostering sustainable growth in the region during the year ahead.

Affirming its commitment to bolstering economic activities throughout the Sultanate, the Board of Directors has underscored that the Oman Chamber of Commerce and Industry’s general budget for the year 2024 is strategically designed to foster economic growth.