Oman will launch a new initiative to boost the business environment in the sultanate for local and international investors on Monday.

The initiative, titled 'Invest in Oman Hall' will be launched at the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) and aims to attract local and foreign investments.

Investors seeking approvals for projects valued over RO1 million will have the opportunity to submit their proposals to the new entity and they will be reviewed by officials representing 14 different government stakeholders as well as six private sector organisations, each having a presence at the Invest in Oman Hall, said a Oman Observer report.

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