The ministry was established by the Royal Decree No. 40/74 in 1974 as Ministry of Commerce and Industry.
In 2020, Royal Decree No. 97/2020 was issued amending the name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry and Investment Promotion, defining its functions of reference, approving its organizational structure.
The Ministry of Commerce, Industry and Investment Promotion has various responsibilities such as supervising commercial, industrial, investment activities and developing exports; where it will to strengthen the national economy via promoting the business environment. It also aims to diversify and sustain the economy in line with Oman Vision 2040.
Globally recognized as a competitive, diversified and resilient economy that empowers a thriving business community.
Working with our partners, we provide quality digital service as well as an enabling legislative and policy framework that attracts investment, increases trade and strengthens industry in order to enhance a knowledge-driven competitive economy and sustainable growth.
Qais bin Mohammed Al Yousef
Ministry of Commerce, Industry & Investment Promotion
“One of the most economically vibrant countries in the Gulf, Oman has a dynamic pro-business environment. And with exemplary strong leadership from His Majesty Sultan Haitham bin Tarik, our robust and diversifying economy is guided by Oman Vision 2040 - our blueprint for sustainable growth and success.
Stable and tranquil, Oman is an exceptional destination for investment with an outstanding competitive offer – infrastructure ranked as amongst the best regionally, a highly skilled multi-lingual talent pool, an abundance of natural resources, first-class manufacturing and business properties, quality of life that is second to none and, of course, an enviable strategic location with seamless regional connectivity.
Here at the Ministry of Commerce, Industry & Investment Promotion (MoCIIP) we are dedicated to helping businesses make the most of the wealth of opportunities Oman presents. From start-ups and SMEs to multinationals, MoCIIP offers an extensive portfolio of support services and expert assistance. Whether you are looking to set up in Oman, find a local partner, ramp-up your company’s exports or develop your enterprise in any way – our team is here to help ensure you get maximum value from being part of our growing and ambitious economy.
We look forward to welcoming you to Oman and all it has to offer.