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PEIE conducts investors’ meet in Buraimi


The year witnessed setting up of over 15 projects ranging between manufacturing, warehouses and services in the estate. Supplied picture

Muscat: Public Establishment for Industrial Estates (PEIE), represented by Al Buraimi Industrial Estate, organised its annual meeting of investors at Al Buraimi Industrial Estate under the patronage of Sayyid Ibrahim bin Said Al Busaidi, Governor of Al Buraimi.

The gathering focused on highlighting the role of PEIE in attracting and serving investors, enhancing communication among investors, and honouring companies, supporters and partners.

Delivering the opening remarks, Eng. Abdullah bin Salim Al Kaabi, director-general of Al Buraimi Industrial Estate, stressed the significance of holding the event to hail efforts of all parties who have contributed to the development of Al Buraimi Industrial Estate. "This annual gathering endeavours to enhance greater communication and cooperation between employees of Al Buraimi Industrial Estate and to develop ways of communication with partners, customers, government and private agencies, funders, service providers, contractors, and investors," Al Kaabi said.

"The fruitful scene witnessed by Al Buraimi Industrial Estate today is the outcome of an effective contribution of various parties, from government entities, investors, service providers, contractors, funders to employees in all sectors. In fact, the responsibility of developing this estate is everyone's duty," he pointed out.

While underscoring the estate's achievements in 2012, Al Kaabi informed that the year has witnessed the setting up of over 15 projects ranging between manufacturing, warehouses and services in the estate.

"The total space leased by these companies has touched 111,413 square meters. Besides, the project of covering the estate with communications services, through building two communications towers and extending the network of land lines to another area, is 90 per cent completed. This project has been done in cooperation with Oman Telecommunications Company," he informed.

Al Kaabi added that banking and ATM services has been provided at the estate through Bank Dhofar, plus a call centre has been launched to receive calls over 20 hours a day. "Around 90 per cent of companies and factories operating in the estate have been connected to water service in cooperation with the Public Authority for Electricity and Water.

Efforts are underway to provide customs service in the estate, which is expected to be available from next year. The latter will eventually streamline the movement of exporting and importing goods," Al Kaabi added.

As part of the event, a working paper was presented by Mazin bin Humaid Al Siyabi, investment promotion executive at the Public Authority for Investment Promotion and Export Development. He highlighted the vision, mission and services of the authority, national economy and foreign direct investment.

Oman 2020, and the Sultanate's strategy to promote investment and develop exports.
Al Siyabi emphasised that the vision of Paiped is based on creating wealth through promoting investment and developing non-oil domestic exports.

"The mission of Paiped lies in activating the role of the private sector in the Sultanate, freedom of trade and freedom of competition," he said, adding: "The services rendered by Paiped range between providing information on investment climate, laws, procedures and project specific information, organising visit programmes and matchmaking meetings for foreign investors, assisting investors to obtain various government approvals and obtaining debt funding from government or from commercial banks, reviewing the project proposals prepared by the investors and advising them on the appropriate entry strategy for setting up operations, among other services."

"The volume of non-oil Omani exports has risen from RO173 million in 1996 to RO2448 million in 2010, with a compound annual growth rate of 21 percent," Al Siyabi informed.

"The strategy of developing the non-oil Omani origin exports seeks to identify promising products and target markets, find the suitable opportunities to help exports to observe ways to enter into new markets, set and monitor export goals, and provide support services for exporting," he added.

On the Oman 2020 vision, he explained that the vision aims to develop human resources, create a stable environment of the economy, encourage the private sector to compete and interact within the business environment, and achieve economic diversification.

It should be mentioned that the event has presented an overview of the companies operating in Al Buraimi Industrial Estate, besides it has honoured government and private agencies that participated in the event.

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