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OPAZ holds promotional event in Dubai to attract investors

6 Mar 2022 OPAZ holds promotional event in Dubai to attract investors

Muscat – As part of Oman’s participation in Expo 2020 Dubai, the Public Authority for Special Economic Zones and Free Zones (OPAZ), organised a two-day promotional event aimed at meeting with numbers of CEOs and chairpersons of different international companies.

The participating delegation, headed by H E Dr Ali bin Masoud al Sunaidy, chairman of OPAZ, with the participation of H E Sheikh Salim Musallam al Kathiri, head of sultanate’s Commercial Office in Dubai and included the CEOs of Sohar Free Zone, Special Economic Zone at Duqm, Salalah Free Zone and Al Mazunah Free Zone, according to a press release.

The promotional event reflects OPAZ endeavour to attract new international companies to invest in the special economic zones and free zones. Organising the event came in cooperation with the Commissioner-General of the Sultanate of Oman’s Pavilion at Expo Dubai and the Sultanate of Oman’s commercial office in Dubai.

Jalal bin Abdulkarim al Lawati from OPAZ said that holding this event aims to directly meet with a group of businesspersons, CEOs and chairpersons in different key international companies. “This marked an opportunity to update them with the latest investments developments in the economic and free zones. The event served to create direct communication between investors and decision-makers with focus on three main sectors: Tourism and real estate development, logistics, food processing and manufacturing”, he added.

On the other hand, Eng Yahya bin Khamis al Zadjali, in-charge of managing operations of the Special Economic Zone at Duqm (SEZAD), said, “We were able to familiarise the businesspersons with the available opportunities in tourism and real estate development and the attractive advantages offered by SEZAD in this aspect. Among these advantages are quality infrastructure, sound urban planning and the relative natural and tourism advantages. Besides, there was a highlight to the strategic plans for developing tourism in the Zone as awe as the attractive package of incentives and facilities granted by the Zone to encourage businesses, support tourism projects and ensure the development of sustainable tourism and real estate investment.”

Omar bin Mahmoud al Mahrizi, CEO of Sohar Free Zone, said, “Sohar Free Zone is home for diverse projects in logistics and food processing, while it is rich in having investors from GCC countries, Europe, India and Southeast Asia. Through these promotional activities, we seek to reach a selected list of countries that were directly focused on through arranging bilateral meetings, while some expressed their interest in Sohar Free Zone. It enjoys a number of facilities, services and capabilities that qualify the free zone to connect the sultanate with global markets and supply chains. This strength is derived from its strategic location in the centre of international trade routes between Asia and Europe, in addition to the competitive fees of Sohar Free Zone’s services that enhance the operational efficiency of various projects. All these factors will attract local and foreign investments alike.”

Dr Ali bin Mohammed Tabuk, chief executive officer of Salalah Free Zone, said, “We focused on several sectors that we attract to the free zone, especially those related to manufacturing industries, which have added value. Salalah Free Zone is equipped to attract such sectors and has many capabilities supported by a prime location and an ideal port. As well, it offers advantages for establishing companies with 100 per cent foreign ownership, tax exemption and unrestricted capital transfer, no minimum capital, and not specifying the capital’s currency.”

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