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INVESTMENT IN OMAN'S MANUFACTURING SECTOR GROWS TO US$89 BLN.

AsiaPulse News

| October 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUSCAT, Oct 1 Asia Pulse - Under the patronage of Dr. Abdul-Malik bin Abdullah al-Hinai, Undersecretary for Economic Affairs at the Ministry of National Economy a forum on the role of financial institutions in enhancing industrial development was organised here by the Ministry of Commerce and Industry in coordination with the Gulf Organisation for Industrial Consultancy and Oman Chamber of Commerce and Industry.

In an address, al-Hinai highlighted the necessity of creating financial resources for commodities and services producing projects.

He said the Sultanate had established a number of financial institutions to provide assistance to industrial projects of different sizes with investment costs not exceeding RO. 250,000.

He said since promulgation of Royal Decree No. 17 in 1997 loans worth a total of RO. 131 million ...

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