Muscat – An international conference on sources of renewable energy available in Oman will be held in London on Wednesday to promote the sultanate as a global destination with promising potential for investment in green energy.
The ‘New Energy’ conference will see industry leaders gather to discuss new energy in Oman, including panels and Q&As on renewables, decarbonisation of oil and gas, and green finance.
Oman’s sovereign wealth fund, Oman Investment Authority (OIA), will attend the conference to explore the new energy ecosystem and opportunities to partner with the UK.
Organised by the Ministry of Commerce, Industry and Investment Promotion in cooperation with the Foreign Ministry, the Oman delegation will be headed by H E Abdulsalam bin Muhammad al Murshidi, chairman of OIA, with representation of the Omani Embassy in London, the Ministry of Energy and Minerals, the Anglo-Omani Society and the Omani British Friendship Association.
H E Asila bint Salem al Samsamiya, Undersecretary for Investment Promotion in the Ministry of Commerce, Industry and Investment Promotion, told ONA that the conference aims to focus on attracting the international business community to the opportunities available primarily in the green energy sector in Oman and also other sectors such as industry, tourism, fisheries, mining and logistics.
She added that the conference will also introduce the investment environment in the sultanate and the facilities and incentives provided by the government to investors, besides presenting Oman’s current view of clean energy as one of the most important sectors targeted in Oman Vision 2040 and the National Energy Strategy.
Oman has embarked on a number of green energy projects with the aim of generating 30 per cent of electricity from renewable energy sources by 2030.
H E Asila pointed out that the UK is the largest investment partner of the sultanate, and the partnership has expanded to include several sectors, most notably oil and gas, technology, infrastructure, defence and education. “By the end of 2020, the UK had invested RO7.112bn in Oman.”
OIA signed a partnership agreement with the UK in January to enhance investment cooperation in the fields of clean energy and information technology. “The conference and Oman delegation’s visit is an effort to work further under that agreement.”