Oman Launches Local Content Plan to Boost Industrial Sector and Support Vision 2040

Oman, 18 November, 2024 : The Ministry of Commerce, Industry, and Investment Promotion has launched a local content plan, “Tasnee” (industrialization), to enhance reliance on local products and increase Omani components in industries. The initiative, unveiled under the patronage of H.E. Dr. Said bin Mohammed Al Saqri, Minister of Economy, aims to support SMEs, strengthen supply chains, and boost the regional competitiveness of Omani industries in line with Oman Vision 2040.  

Tasnee comprises three key programmes: enhancing local content, empowering industrialists and importers, and promoting Omani products. The “Made in Oman” campaign was also launched to support these goals. Additionally, the ministry introduced “Taamir,” a programme ensuring real estate projects prioritize Omani construction materials, and “Itqan,” a training initiative to develop Omani talent for the industrial sector.  

During the event, Oman Cables Industry Company signed an agreement with the ministry to explore clean energy solutions and improve cable quality. A workshop featured insights from stakeholders, including a presentation on an integrated aluminum industries center in Sohar, highlighting strategic economic diversification efforts.  

The ceremony was attended by senior government and private sector officials, including H.E. Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion.  

Source : www.omannews.gov.om