{"id":3952,"date":"2025-08-31T10:00:00","date_gmt":"2025-08-31T06:00:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/excellent-companies-jobs-exports-grow\/"},"modified":"2025-08-31T15:45:27","modified_gmt":"2025-08-31T11:45:27","slug":"excellent-companies-jobs-exports-grow","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/excellent-companies-jobs-exports-grow\/","title":{"rendered":"\u2018Excellent Companies\u2019 Initiative Boosts Job Creation, Export Growth, and Business Expansion in Oman"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 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.15s}\r\n.hitv3sogbtn:hover{filter:brightness(1.15);transform:scale(1.04)}\r\n.hitv3sogbr{font-size:9px;color:rgba(255,255,255,.18);text-align:center;margin-top:5px;letter-spacing:.1em;text-transform:uppercase}\r\n\/* \u2500\u2500 Compact horizontal: 380\u2013599px (like 320\u00d7100) \u2500\u2500 *\/\r\n@container (min-width:380px) and (max-width:599px){\r\n  .hitv3soga{padding:12px 22px;gap:12px;min-height:100px}\r\n  .hitv3sogh{font-size:16px}\r\n  .hitv3sogs{display:none}\r\n  .hitv3sogbtn{padding:7px 16px;font-size:11px}\r\n}\r\n\/* \u2500\u2500 Mobile\/card: < 380px (like 300\u00d7250) \u2500\u2500 *\/\r\n@container (max-width:379px){\r\n  .hitv3soga{flex-direction:column;align-items:center;justify-content:space-between;min-height:260px;padding:22px 22px;gap:10px}\r\n  .hitv3sogc{align-items:center;text-align:center}\r\n  .hitv3sogh{font-size:22px;white-space:normal}\r\n  .hitv3sogs{font-size:11px;white-space:normal}\r\n  .hitv3sogbl{display:flex;align-self:center;text-align:left}\r\n  .hitv3sogbtn{width:100%;justify-content:center;padding:12px 20px}\r\n}\r\n\/* \u2500\u2500 Wide: >= 600px (leaderboard style) \u2500\u2500 *\/\r\n@container (min-width:600px){\r\n  .hitv3soga{min-height:90px}\r\n}\r\n<\/style><!-- HiT Land Banner \u2014 Container Query Responsive -->\r\n<div class=\"hitv3sogw\">\r\n<a class=\"hitv3soga\" href=\"https:\/\/hit.land\/services\/web-app-development\" target=\"_blank\" rel=\"noopener nofollow\" style=\"animation:hitv3sog-fadein 0.7s ease both;animation-delay:0s;\">\r\n  <div class=\"hitv3sogg1\" style=\"animation:hitv3sog-glow 3s ease-in-out infinite;\"><\/div>\r\n  <div class=\"hitv3sogg2\"><\/div>\r\n  <div class=\"hitv3soggl\" style=\"animation:hitv3sog-shimmer 3s ease-in-out infinite;\"><\/div>\r\n  \r\n  <div class=\"hitv3sogc\">\r\n    \r\n    <div style=\"display:inline-flex;align-self:flex-start;align-items:center;gap:6px;background:rgba(255,255,255,0.08);border:1px solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p><strong>Salalah:<\/strong> Oman\u2019s Ministry of Commerce, Industry and Investment Promotion (MoCIIP) has introduced the \u201cExcellent Companies\u201d initiative in collaboration with the Tax Authority and the Ministry of Labour. This programme aims to support high-performing firms through incentives that enhance productivity, value addition, and regional expansion.<\/p>\n<p>The initiative focuses on three key objectives: growth, diversification, and employment. It is designed to help Omani companies compete on a global scale, highlight successful local enterprises, and guide small and medium-sized enterprises (SMEs) along a structured path of capability development.<\/p>\n<p><strong>Eligibility Criteria<\/strong><\/p>\n<p>To qualify as an \u201cExcellent Company,\u201d firms must be registered in Oman under the Commercial Companies Law (Royal Decree 18\/2019). Eligible companies should contribute directly to national priorities by employing Omani talent and implementing international standards and modern technologies to ensure quality and sustainability.<\/p>\n<p>Basic requirements include:<\/p>\n<ul>\n<li>Registration and active operation in Oman with a physical office<\/li>\n<li>Compliance with national laws and regulations<\/li>\n<li>Employment of at least one Omani national<\/li>\n<li>Fulfillment of at least three evaluation criteria<\/li>\n<\/ul>\n<p><strong>Assessment Process<\/strong><\/p>\n<p>The evaluation occurs in two phases. The initial phase considers five main criteria: company age, market presence\/branch network, export activity, workforce size and Omanisation level, and revenue figures. The second phase incorporates additional factors such as digital transformation, local content, and environmental, social, and governance (ESG) standards.<\/p>\n<p>Data verification is conducted through government sources: company registry (age and branches), Customs (exports), Ministry of Labour (workforce and Omanisation), and the Tax Authority (audited annual revenues). Each company receives a composite score that determines its growth stage and incentive category.<\/p>\n<p><strong>Growth Stages<\/strong><\/p>\n<ul>\n<li><strong>Start-up\/Emerging:<\/strong> Revenues between OMR 100,000 and 500,000; 10\u201350 employees; approximately 10% Omanisation; 1\u20135 branches; operational for 5\u201310 years.<\/li>\n<li><strong>Mature:<\/strong> Revenues from OMR 500,000 to 3 million; 51\u2013200 employees; about 20% Omanisation; 6\u201320 branches; 11\u201325 years in operation.<\/li>\n<li><strong>Sustainable\/Advanced:<\/strong> Revenues exceeding OMR 3 million; more than 200 employees; roughly 35% Omanisation; 21 or more branches; in operation for over 26 years.<\/li>\n<\/ul>\n<p>Companies are further categorized into Category A, B, or C based on total points scored.<\/p>\n<p><strong>Benefits for Participating Companies<\/strong><\/p>\n<ul>\n<li>\n<p><strong>Preferential:<\/strong> Invitations to peer roundtables; direct support for market expansion through embassies; priority branding at trade fairs and official delegations; designation of corporate representatives as Business Ambassadors; and talent development programmes such as \u201cKafa\u2019at.\u201d<\/p>\n<\/li>\n<li>\n<p><strong>Administrative:<\/strong> Access to direct channels with key decision-makers; dedicated account managers to streamline inter-agency procedures; expedited licensing through the \u201cInvest in Oman\u201d hall; and facilitation of relevant policy and regulatory matters.<\/p>\n<\/li>\n<li><strong>Operational:<\/strong> Customs facilitation; export support for Omani products in regional markets; regular ministerial field visits; encouragement of cluster formations and mergers; and accelerated processing of tax refunds.<\/li>\n<\/ul>\n<p>This initiative underscores Oman\u2019s commitment to fostering a competitive, diversified economy driven by capable Omani enterprises.<\/p>\n<p><style>\r\n@keyframes 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.hitl8gakbl{display:flex;align-self:center;text-align:left}\r\n  .hitl8gakbtn{width:100%;justify-content:center;padding:12px 20px}\r\n}\r\n\/* \u2500\u2500 Wide: >= 600px (leaderboard style) \u2500\u2500 *\/\r\n@container (min-width:600px){\r\n  .hitl8gaka{min-height:90px}\r\n}\r\n<\/style><!-- HiT Land Banner \u2014 Container Query Responsive -->\r\n<div class=\"hitl8gakw\">\r\n<a class=\"hitl8gaka\" href=\"https:\/\/hit.land\/services\/web-app-development\" target=\"_blank\" rel=\"noopener nofollow\" style=\"animation:hitl8gak-fadein 0.7s ease both;animation-delay:0s;\">\r\n  <div class=\"hitl8gakg1\" style=\"animation:hitl8gak-glow 3s ease-in-out infinite;\"><\/div>\r\n  <div class=\"hitl8gakg2\"><\/div>\r\n  <div class=\"hitl8gakgl\" style=\"animation:hitl8gak-shimmer 3s ease-in-out infinite;\"><\/div>\r\n  \r\n  <div class=\"hitl8gakc\">\r\n    \r\n    <div style=\"display:inline-flex;align-self:flex-start;align-items:center;gap:6px;background:rgba(255,255,255,0.08);border:1px solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>Oman&#8217;s &quot;Excellent Companies&quot; initiative creates <strong>significant opportunities<\/strong> for businesses by providing targeted incentives that enhance productivity, regional expansion, and global competitiveness. For smart investors and entrepreneurs, this means prioritizing <strong>Omanisation, digital transformation, and ESG compliance<\/strong> to qualify for benefits that streamline market entry, regulatory navigation, and export facilitation. The program signals a <strong>strategic push towards diversified growth and sustainable development,<\/strong> making early alignment with national priorities critical for capturing long-term value in Oman\u2019s evolving market landscape.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oman&#8217;s Ministry of Commerce launched the &#8220;Excellent Companies&#8221; initiative to support high-performing firms with incentives boosting growth, diversification, and employment. It targets registered firms employing Omanis, assessed on exports, workforce, digital transformation, and ESG criteria.<\/p>\n","protected":false},"author":11,"featured_media":3953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[1441,1442,1443],"class_list":["post-3952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-excellentcompanies","tag-omanbusiness","tag-smedevelopment"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/08\/3113993.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/3952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=3952"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/3952\/revisions"}],"predecessor-version":[{"id":3954,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/3952\/revisions\/3954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/3953"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=3952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=3952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=3952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}