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Industry Sector

Within its function the Ministry of Finance and Industry is accountable for supervising the organization of the Industry affairs, furthermore, to urge the revenues within the rules and principles of the provisions of the Federal Law No. 1 for 1979. The Ministry shall exercise its functions through the industrial development department, which runs as follows: 

  1.      Prepare studies and researches, and initiates the necessary policies and procedures to organize and develop the industrial activities, and the existing industries, and provide the necessary tools of success.

  2.    Prepare and evaluate the pre-feasibility studies for the industrial projects, as well as the studies of expansion in the existing factories.

  3.     Licensing and registration of the industrial projects in the state, and the issue of preliminary approvals to set up the projects, and the licenses for manufacturing production.

  4.     Perform the industrial surveys in the state, and furnish information and data or relevancy, disseminate the industrial awareness by issues or Industrial Affairs newspapers, participate in holding of exhibitions, and convening of industrial seminars and conferences.

  5.    Conferment of privileges for the industrial projects in accordance with the law, issue of price preference certificates, and rehabilitation of the national industrial establishments, according to the rules and conditions followed.

  6.      co-ordinate and cooperate with the official entities responsible for the industrial development, and organize the communication and collaboration with the gulf, Arab and international organizations and institution.

 
   


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