New system of OCCI is a quantum leap in delivering the voice of private sector

The Oman Chamber of Commerce and Industry (OCCI) witnessed radical changes

in the recent past, which contributed to enabling it to perform its role as a representative of the private sector in the Sultanate of Oman and its responsibility to communicate the voice of the private sector to the competent authorities.

Oman Chamber of Commerce and Industry confirmed that the new system was issued by Royal Decree No 56/2022, which came in line with the requirements of the current stage of the renewed renaissance under the wise leadership of His Majesty Sultan Haitham bin Tarik.

The new system aims to provide all support to private sector institutions, to

achieve Oman Vision 2040 and enables the private sector to express its opinion on

economic laws related to the private sector and submit proposals to amend the applicable laws.

Also, it enhances the role of the Chamber in framing the legislation that is issued, which is related to economic affairs and affects the activities of the private sector. The legislations must be presented to the

chamber before they are issued.

The new system granted the Chamber the authority to classify companies into

categories, which gives various entities real information about the business environment in the sultanate and the role of private sector institutions.

The new system works to enable the Chamber to contribute to the development of performance in various commercial, in

dustrial and economic sectors and to diagnose challenges, by building strategic partnerships with universities and research centres to develop all other sectors.

The new system also supports the efforts of the Chamber’s branches in the governorates with various agencies to attract

investment in the governorates to achieve the goals of the current stage that require decentralisation and acceleration of achievement.

This is in addition to enabling the Chamber and its branches in the governorates to communicate directly with the various units of the state’s administrative apparatus and to strengthen the roles assigned to

the governors’ offices in developing and implementing economic development plans

that achieve prosperity for the sultanate.