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Oman, UAE discuss boosting investments, industrial sector

19 Oct 2021

Muscat – A high-level Emirati delegation led by Dr Sultan Ahmed al Jaber, UAE’s Minister of Industry and Advanced Technology, visited Oman on Tuesday and met H E Qais Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, and other high ranking government officials.

The visit explored ways of broadening cooperation between the two countries in both the government and private sectors, especially in promoting industrial cooperation, and enhancing investment opportunities in the industrial sector and in advanced technologies.

Jaber said the continued strength of the bilateral relations between the two countries is a source of encouragement and pride, adding that he is looking forward to further enhancing cooperation in the areas of industry and advanced technology.

He noted that the next steps will focus on creating investment opportunities and facilitating measures for investors.

“Thanks to the vision and directives of our wise leadership,” Jaber said, and pointed out that “the UAE is moving rapidly to develop the industrial and advanced technology sectors, investing in research and development and integrating Fourth Industrial Revolution concepts to achieve the key goals of boosting the national economy and achieving sustainable development.”

On his part, H E Yousef underscored the importance of developing bilateral relations with the UAE, particularly in the industrial sector. He pointed out that the visit of the Emirati delegation to the sultanate reflects determination of both countries to exchange views on expanding private-sector partnerships, investment opportunities and trade volumes between the UAE and Oman.

Meanwhile, a meeting was held on the sidelines of the Emirati delegation’s visit between representatives from the business and industrial sectors of the two countries.

The meeting was attended by representatives from Oman Investment Authority (OIA), the Public Authority for Special Economic Zones and Free Zones (OPAZ), Madayn, and Oman Chamber of Commerce and Industry.

During the meeting, OIA made a presentation on the investment opportunities and its affiliated companies.

OPAZ also gave a presentation on the investment opportunities in Duqm, while Madayn highlighted the partnership between the private sector and the future development projects in its industrial estates.

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