Manufacturing & Distribution
Audit, advisory, and financial support for manufacturing and distribution organisations focused on efficiency, control, and operational performance.
Sector Overview and Government Support
Supports manufacturers with trusted financial insights to expand, attract investment, and drive non-oil sector growth.
The industrial sector started on a small scale, focusing initially on consumer products only. To attract private sector investment into the non-hydrocarbon sectors, the Government aimed to provide essential infrastructure facilities such as electricity, transportation, and communication. Rusayl Industrial Estate was established in 1983 as the first industrial estate through The Public Establishment for Industrial Estates (PEIE), which was created to plan, operate, manage, and develop industrial estates across the Sultanate.
The manufacturing sector plays a crucial role in the structural transformation of the oil-dependent economy towards a sustainable and competitive economy. Forward-looking government policy envisages that the non-oil industrial sector will be one of the main pillars for continued prosperity.
Industry Evolution and Manufacturing Activities
Traditional industries included silver working, shipbuilding, and weaving. Over time, new manufacturing industries have emerged, including the production of building materials, chemicals, plastics, base-metal products, furniture and other wood products, paper products, garments, leather, food, and beverages.
Manufacturing industries have been encouraged by the Government through the provision of soft loans, subsidised land and electricity, import duty exemptions, and other incentives.
Financial Reporting and Advisory Support
Whether enhancing a product line, expanding into new markets, or acquiring new companies, reliable financial information is essential for financiers and key stakeholders. Credible financial reporting is critical for organisations seeking to secure low-cost capital. Auditors understand this responsibility and provide objective, meaningful assessments to ensure confidence is maintained through clear and meticulous financial reporting.
Where financial advisory services are required, manufacturing and distribution operations knowledge is applied to help improve operating processes and reduce labour and inventory costs.
How We Can Help You
- Spot emerging trends in manufacturing and distribution
- Compare financial performance benchmarks
- Reduce safety stock and inventory costs while increasing customer service
- Reduce labour expenses, such as overtime
- Improve procurement and operating processes
- Identify opportunities for expansion or changes in organisational structure or footprint
M&D-Specific Accounting Services
We provide critical manufacturing and distribution–specific accounting services in the areas of:
- Cost accounting
- Financial benchmarking
- Valuations
- Employee stock ownership plan (ESOP) administration and accounting
- Litigation support