What specific measures has OCCI taken to support its members in light of COVID-19?
AL FADHAL ABBAS AL HINAI The pandemic has affected many companies in the Sultanate, especially since SMEs constitute more than 85% of private-sector companies. OCCI has been quick to study the challenges faced by the private sector and is working with the competent authorities to find a package of incentives such as the exemption and reduction of a number of government fees. The chamber has also prepared a number of economic reports on the effects of the pandemic in various sectors in order to work with the relevant authorities and coordinate to provide incentives that enhance the capacity of the private sector and minimize the financial pressure caused by the pandemic.
REDHA BIN JUMA AL SALEH OCCI has worked in coordination with several authorities to enact measures and incentives aimed at reducing the pressures suffered as a result of the current economic conditions. These include a contribution of OMR1 million to the Job Security Fund; urging private-sector institutions to shift to remote work, abide by the requirements of general hygiene and prevention, and apply health and safety standards in the work environment; and contributing to the Endowment Fund to support health services, designated to support the fight against COVID-19.
How will relations between the local and foreign private sector develop in the future?
AFAAH We look forward to the development of strategic relations based on a real partnership so that the benefits are returned to the national economy. We want the private sector to benefit from the transfer of advanced technology in various fields of investment, enhance research and development opportunities, transfer global market experiences to the local market, and develop the local private sector so that it is able to compete in the regional and global markets. This can be achieved through the tools available in OCCI, such as exchanging trade delegations, organizing joint exhibitions, and sitting on common tables to discuss investment opportunities offered by the government.
How is OCCI working to find new opportunities for business continuity?
RBJAS OCCI provides an integrated set of services such as: contributing information, data, and studies to assist in making investment decisions; exploring investment and commercial opportunities and introducing them to interested parties; finding the appropriate facilities and support capabilities for products and services provided by the private sector; discussing the problems and obstacles faced by establishments; providing legal, economic, and other advice in the management of projects; introducing the latest developments in the regulations, instructions, and economic trends related to their activities; developing investment and commercial relations between business owners and their counterparts; working to develop the activities carried out by the private sector, raise the level of its performance, and boost its position in the structure of the national economy; improving the business environment and resolving commercial disputes; expressing business owners' points of view on economic trends, legislation, and procedures; and carrying out the procedural work that regulates the relationship of establishments and their dealings with other parties.
How does OCCI facilitate high levels of cooperation between the public and private sectors?
AFAAH The chamber, in its capacity as the official representative of the private sector in its various activities, is a member of many government committees aimed at coordination and integration between the public and private sectors. The private sector is expected to play a pivotal role in economic development by focusing on important economic sectors.