25 September 2010
MUSCAT -- The Public Establishment for Industrial Estates (PEIE) has signed a Memorandum of Understanding (MoU) with Oman Integrated Tourism Projects Fund (OITPF), administered by BankMuscat for funding and developing service projects in industrial estates affiliated with the Establishment. The signing ceremony was presided over by Maqbool bin Ali Sultan, Minister of Commerce and Industry and Chairman of the PEIE Board of Directors. The MoU was signed by PEIE CEO Hilal bin Hamad al Hasni and BankMuscat CEO Abdulrazzaq bin Ali bin Issa. The minister and the PEIE chairman said the government has invested large amounts in industrial estates and Knowledge Oasis Muscat and established several facilities in these areas of high demand from investors to base their industrial and service projects.
Maqbool told Oman News Agency (ONA) that after a number of studies it was shown that the new projects are economically feasible and it would be appropriate that "we enter in partnership with the private sector, such as Omani banks and companies investing in these projects, particularly when there are several investors who are interested in investing with the government in these projects". The minister added that the agreement signed between the PEIE and the OITPF came as an investment in the commercial building and the residential city at Knowledge Oasis Muscat.
MUSCAT -- The Public Establishment for Industrial Estates (PEIE) has signed a Memorandum of Understanding (MoU) with Oman Integrated Tourism Projects Fund (OITPF), administered by BankMuscat for funding and developing service projects in industrial estates affiliated with the Establishment. The signing ceremony was presided over by Maqbool bin Ali Sultan, Minister of Commerce and Industry and Chairman of the PEIE Board of Directors. The MoU was signed by PEIE CEO Hilal bin Hamad al Hasni and BankMuscat CEO Abdulrazzaq bin Ali bin Issa. The minister and the PEIE chairman said the government has invested large amounts in industrial estates and Knowledge Oasis Muscat and established several facilities in these areas of high demand from investors to base their industrial and service projects.
Maqbool told Oman News Agency (ONA) that after a number of studies it was shown that the new projects are economically feasible and it would be appropriate that "we enter in partnership with the private sector, such as Omani banks and companies investing in these projects, particularly when there are several investors who are interested in investing with the government in these projects". The minister added that the agreement signed between the PEIE and the OITPF came as an investment in the commercial building and the residential city at Knowledge Oasis Muscat.
© Oman Daily Observer 2010
