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FINANCIAL NEWS
Continued growth for industrial sector in Oman
02 Sep 2013
(MENAFN) Omani Ministry of Commerce and Industry records show that investments in the industry sector in the country has reached USD65.94 billion in the first eight months of 2013.
In the first half of this year, 109 new industries were established bringing the number total of industrial facilities by the end of last month to 2,539.
Industrial facilities in the Sultanate are exempted from income tax and custom duties on imports and the labor force number working in the facilities is set according to the facilities’ needs.
Last year, the industrial sector in Oman comprised 16.5 percent of the country’s gross domestic product (GDP) with USD12,860.5 million.
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