logo
OPAZ named Best Service Outlet in Muscat Governorate for 2024

OPAZ named Best Service Outlet in Muscat Governorate for 2024

Observer13 hours ago
BUSINESS REPORTER
MUSCAT, JULY 29
For the second year in a row, the Public Authority for Special Economic Zones and Free Zones (OPAZ) has won the award for Best Service Outlet in Muscat Governorate for the year 2024. The award is conferred upon government entities participating in the Institutional Excellence System, in recognition of the Authority's continuous efforts to enhance service quality and strengthen its position in global competitiveness indicators.
Dr Ahmed bin Saif al Ma'amari, Acting Customer Services Manager Department at the Authority, stated: "This honour reflects the Authority's commitment to implementing the standards of the Institutional Excellence System, which is one of the key pillars for achieving the goals of Oman Vision 2040. It also reinforces a culture of continuous improvement in the work environment to ensure the delivery of high-quality and efficient services that meet the expectations of investors and beneficiaries."
The selection of the Authority was based on the results of surveys and indicators measuring client satisfaction. OPAZ affirms its ongoing efforts to enhance institutional excellence, adopt best practices in service delivery, and achieve top performance levels through innovation and continuous improvement.
OPAZ implements high-efficiency practices to serve investors in the special economic zones, free zones, and industrial cities, including: Integrated service representatives, A one-stop platform for all services, continuous care service for investors, strategic project account supervisors, continuous service improvement, comprehensive approvals for strategic projects, fast and defined timelines for request processing, an interactive communication centre, instant approvals to start projects.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Study highlights MSX's tangible impact on economic development
Study highlights MSX's tangible impact on economic development

Observer

time13 hours ago

  • Observer

Study highlights MSX's tangible impact on economic development

An academic study confirms a positive correlation between the Muscat Stock Exchange (MSX) and its growing role in financing investments, in line with global trends positioning stock exchanges as effective financial instruments in modern economies. The study took the MSX as a practical case. Titled 'The Role of Muscat Stock Exchange Management in Financing Investments in Line with Oman Vision 2040,' the research is considered the first of its kind in the Sultanate of Oman to explore the capital market's contribution to investment financing. It aims to elevate the status of the MSX as a reliable liquidity provider and stimulate its use in financing major national economic projects. The study comes at a time when regional financial markets are striving to deepen their ecosystems, diversify financial instruments, and strengthen their roles amid a favourable investment environment in the GCC. These efforts are supported by economic reforms aligned with national strategies. The study seeks to assess the MSX's role in financing investments within the framework of Oman Vision 2040, highlighting key programmes that support its mission as a capital market financing tool and a generator of investment opportunities. It also examines the development trajectory of the exchange in recent years. Findings revealed a strong, direct, and positive linear relationship between the MSX's performance and the level of investment financing in the Sultanate, especially through mechanisms such as equity offerings (IPOs) and bond issuances. As the MSX's role expands, investment financing also increases—aligning with Oman Vision 2040's goals. The research also reviewed the foundational objectives behind the creation of global stock exchanges, particularly their function in mobilising capital for economic and developmental projects. It further emphasised the role of stock markets in channelling public savings into productive investment. The study concluded with several recommendations, most notably the importance of implementing national initiatives that enhance the MSX's competitiveness as a viable financing option. It also called for improved coordination among regulatory and operational bodies within the financial sector to diversify financing instruments and continuously improve the investment environment. Notably, the study opens the door for further specialised research in economic development and investment financing, especially efforts aimed at strengthening capital markets, advancing financial inclusion and fintech solutions, developing innovative financial products, and raising public awareness about investment opportunities—particularly those offered through initial public offerings.

OPAZ named Best Service Outlet in Muscat Governorate for 2024
OPAZ named Best Service Outlet in Muscat Governorate for 2024

Observer

time13 hours ago

  • Observer

OPAZ named Best Service Outlet in Muscat Governorate for 2024

BUSINESS REPORTER MUSCAT, JULY 29 For the second year in a row, the Public Authority for Special Economic Zones and Free Zones (OPAZ) has won the award for Best Service Outlet in Muscat Governorate for the year 2024. The award is conferred upon government entities participating in the Institutional Excellence System, in recognition of the Authority's continuous efforts to enhance service quality and strengthen its position in global competitiveness indicators. Dr Ahmed bin Saif al Ma'amari, Acting Customer Services Manager Department at the Authority, stated: "This honour reflects the Authority's commitment to implementing the standards of the Institutional Excellence System, which is one of the key pillars for achieving the goals of Oman Vision 2040. It also reinforces a culture of continuous improvement in the work environment to ensure the delivery of high-quality and efficient services that meet the expectations of investors and beneficiaries." The selection of the Authority was based on the results of surveys and indicators measuring client satisfaction. OPAZ affirms its ongoing efforts to enhance institutional excellence, adopt best practices in service delivery, and achieve top performance levels through innovation and continuous improvement. OPAZ implements high-efficiency practices to serve investors in the special economic zones, free zones, and industrial cities, including: Integrated service representatives, A one-stop platform for all services, continuous care service for investors, strategic project account supervisors, continuous service improvement, comprehensive approvals for strategic projects, fast and defined timelines for request processing, an interactive communication centre, instant approvals to start projects.

Oman Sail wins Sustainable Business Practices Award
Oman Sail wins Sustainable Business Practices Award

Observer

time13 hours ago

  • Observer

Oman Sail wins Sustainable Business Practices Award

MUSCAT: Oman Sail has been recognised for its ongoing commitment to sustainability, ocean protection and national development with the Sustainable Business Practices Award at the prestigious Oman Leadership Awards 2025. The award celebrates Oman Sail's long-standing efforts to embed sustainability across its operations and events, using sport as a platform to raise environmental awareness, empower young people, and contribute to the goals of Oman Vision 2040. Through a combination of sailing programmes, community engagement, coastal clean-ups, and strategic collaborations, Oman Sail is helping to build a more sustainable future for Oman's coastline and communities. Dr Khamis al Jabri, CEO of Oman Sail, commented, 'This award reflects the collective dedication of our team, partners, and communities. Sustainability is more than a principle for us; it's a daily responsibility. We're proud to play a role in protecting our marine environment, developing youth potential, and contributing to the blue economy by having a positive impact on the nation's natural assets.' From reducing single-use plastic use at events to launching environmental initiatives and supporting eco-tourism with SeaOman brand, Oman Sail's sustainability strategy is aligned with both the United Nations Sustainable Development Goals and Oman's national ambitions to ensure progress is measurable and can make a tangible difference to the community and the environment. The Oman Leadership Awards, organised by World CSR Day, recognise organisations and individuals making exceptional contributions in leadership, corporate responsibility, and sustainability across the region. Dr Khamis bin Salim al Jabri

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store