Ministry of Commerce, Industry & Investment Promotions (MOCIIP)
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.