OPAZ Board holds first meeting of the year 2022

OPAZ Board holds first meeting of the year 2022

Approval of commercial registration fees for SMEs in the zones affiliated with OPAZ

Muscat – March 6, 2022

The Board of Directors of the Public Authority for Special Economic Zones and Free Zones (OPAZ) held today its first meeting for the year 2022, chaired by HE Dr. Ali bin Masoud Al Sunaidy, Board Chairman, at the Authority’s headquarters in Muscat.

In light of the support given by the Board to small and medium-sized enterprises (SMEs) in the zones, affiliated with OPAZ, the Board approved during the meeting, the new commercial registration fees for SMEs after OPAZ obtained the necessary approvals from the competent authorities. In view of the approval, the registration fees and the registration renewal of SMEs in the Special Economic Zone at Duqm (SEZAD) have been amended to be the same as the approved fees of the activities of InvestEasy. The Board approved to put the decision into force starting from March 6, 2022.

During the meeting, the Board reviewed the efforts and contributions made by OPAZ towards social responsibility in all the zones and OPAZ plans to enhance the lifestyle in SEZAD in particular. The Board was also briefed on the efforts made by the departments and the operating companies to localise investments in SEZAD, Sohar Free Zone, Salalah Free Zone, and Al Mazunah Free Zone.

Within the environmental efforts, the Board also discussed the afforestation and greening of the Special Economic Zone at Duqm within the beautification projects of the Zone, which includes several beautification initiatives including the establishment of natural parks in some areas. Moreover, the Board reviewed OPAZ efforts in completing some road projects, construction of the main and secondary roads of Saay commercial neighbourhood, and the light and medium industries zones.