Muscat – With an eye on opening new opportunities and sourcing new markets for foreign direct investment (FDI) into Oman, the Foreign Ministry has started a weekly virtual meetings programme with the sultanate’s ambassadors abroad.

H E Sayyid Badr al Busaidi, Foreign Minister, inaugurated the programme on Wednesday, which will focus on directly gauging the achievements, challenges and efforts of Omani missions abroad. ‘The meetings will help in assessing the missions’ tasks aimed at developing interest, opportunities and benefits with the accredited countries and discuss their plans for the year,’ the ministry stated.

In cooperation with the Ministry of Commerce, Industry and Investment Promotion (MoCIIP), the Foreign Ministry has held several meetings with Omani ambassadors abroad since 2021.

During one such meeting, H E Sheikh Khalifa bin Ali al Harthy, Undersecretary for Diplomatic Affairs in the Foreign Ministry, stressed the importance of such meets in introducing the economic developments, investment laws and facilities provided by the sultanate to investors.

“This will contribute to bringing more investors in various sectors to the sultanate,” he said, praising the role played by Oman’s embassies in promoting the investment sector in the country and strengthening ties of cooperation between Oman and the countries of the world.

H E Asila bint Salim al Samsami, Undersecretary for Investment Promotion in MoCIIP, has stated that the meetings held since 2021 are in line with Oman Vision 2040 and the belief of her ministry in the importance of integrated work between various government agencies to promote the investment sector in the sultanate and to attract and encourage businesses to invest and promote Omani products in global markets.

The meetings also aim to invite ambassadors to review the economic developments in the sultanate, and to introduce the services, incentives and investment opportunities available in Oman in various target sectors.