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 exercises this function through the industrial development department, which is delegeted the resposibility to:
1- Prepare studies and researches, and initiate 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-License and register 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-Conferm privileges for the industrial projects in accordance with the law, issue of price preference certificates, and rehabilitate 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.