By: Times News Service
Khalfan Al Touqi (right) and Moaz Al Saeedi (left)
Muscat: Locals and expatriates in Oman have welcomed the stimulus package to help the economy recover from the impact of the coronavirus pandemic.
Announced by His Majesty Sultan Haitham Bin Tarik, the package contains a number of measures for both organisations and individuals that have had to face the brunt of the disease.
They include tax exemptions for SMEs, hotels, and companies that have begun in 2021, activities related to Oman’s economic diversification, a reduction in recruitment fees, setting aside OMR20 million to train jobseekers in the country so that they qualify for the labour market, postponement of loan repayments until September, for citizens affected by the pandemic, and long-term residency for foreign investors.
By: Times News Service
A virtual meeting of the Ministry of Commerce, Industry and Investment Promotion and the Foreign Ministry was held with the ambassadors of the Sultanate to the GCC states and African countries on Wednesday.
Muscat: Oman’s economic stimulus plan is aimed at improving the business environment, attracting foreign investment and alleviating the impact of COVID-19 on the national economy.
A virtual meeting of the Ministry of Commerce, Industry and Investment Promotion and the Foreign Ministry was held with the ambassadors of the Sultanate to the GCC states and African countries on Wednesday.
In the meeting, economic developments in the country, prerogatives and services of the Ministry of Commerce, Industry and Investment Promotion, as well as incentives and investment opportunities available in Oman were discussed.