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Meet with 21 Omani envoys fixed to encourage foreign investment

8 Mar 2021

As part of its efforts to bring foreign investment to the sultanate, the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) will hold a virtual meeting on Wednesday with 21 Omani ambassadors in the GCC, Arab and African countries. 

The meeting will be held under the patronage of H E Aseela Salem al Samsami, Undersecretary for Investment Promotion in MoCIIP, H E Sheikh Khalifa bin Ali al Harthy, Undersecretary for Diplomatic Affairs in Foreign Ministry, H E Maitha bint Saif al Mahrooqi, Undersecretary for Tourism in the Ministry of Heritage and Tourism, and Eng Redha bin Juma al Saleh, chairman of Oman Chamber of Commerce and Industry (OCCI), and representatives from the Ministry of Transport, Communications and Information Technology, the Omani Investment Authority, the Public Authority for Special Economic Zones and Free Zones (OPAZ), and the Ministry of Economy.  

According to MoCIIP the meeting aims at encouraging investments in line with the ministry’s objectives to stimulate the national economy by attracting foreign investments to achieve the goals of Oman Vision 2040. The meeting also aims to invite ambassadors to review the economic developments in the sultanate, and to introduce the ministry’s services, incentives and investment opportunities available in the sultanate in various target sectors. 

‘The meeting will discuss mechanisms and ways to bring investors and importers in those countries to take advantage of the opportunities and facilities available in the sultanate,  enhance economic cooperation and create investment partnerships, in addition to agreeing on a mechanism of communication and direct cooperation with the missions and parties and businesses in the sultanate,’ MoCIIP said. 

The ministry added that the sultanate has many investment potentials and also offers special competitive advantages, especially after the issuance of the Foreign Capital Investment Law recently. 

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