The Ministry of Commerce, Industry and Investment Promotion (MoCIIP), in collaboration with Muscat Municipality, has unveiled three significant services on the Oman Business Platform: rental contracts service, financial reports service, and an interactive guide for trade names. These initiatives aim to streamline business processes, enhance investment, and promote a more business-friendly environment in line with international best practices.
The launch ceremony, held under the patronage of Sayyid Saud bin Hilal al Busaidi, Governor of Muscat, included the presence of senior officials from MoCIIP and Muscat Municipality. The new services simplify business procedures, from registering and terminating rental agreements to submitting annual financial reports electronically and facilitating trade name registration.
Dr. Saleh bin Saeed Masan, Undersecretary for Commerce and Industry, emphasized that the Oman Business Platform now integrates with 32 government agencies for data exchange and 14 entities for licensing procedures. This initiative is part of the ongoing digital transformation efforts to enhance the ease of doing business in Oman.
Ahmed bin Mohammed Al Humaidi, Chairman of Muscat Municipality, highlighted the initiative’s potential to automate and digitize business processes, reducing errors and improving transparency. The platform is a key component of Oman’s broader strategy to create a fully integrated digital ecosystem that fosters innovation and promotes investment.
By the end of Q3 2024, the Oman Business Platform had already facilitated over 122,000 transactions and registered nearly 447,000 commercial records, reflecting the government’s commitment to driving sustainable growth and creating a digitally-driven economy.
Oman Government Pushes for Digital Transformation to Foster Business Growth
Oman’s Ministry of Commerce, Industry and Investment Promotion (MoCIIP) has launched a new suite of digital services on the Oman Business Platform, including rental contracts, financial reports, and a trade name guide. The initiative, aiming to simplify business processes and encourage investment, aligns with the country’s Vision 2030 goals.
