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UK trade minister sheds light on opportunities under free trade pact

16 Sep 2023 UK trade minister sheds light on opportunities under free trade pact By OUR CORRESPONDENT

Muscat – Nigel Huddleston, Minister of State at the Department of Business and Trade in the United Kingdom (UK) visited Salalah on Thursday and met with a number of officials at the port and the Free Zone of Salalah – the affiliates of the Asyad Group.

The UK minister underlined prospective investment opportunities and business incentives for Oman and the GCC states that can result from the free trade agreement between the GCC and the UK.

Huddleston also underscored the importance of utilising the free trade agreement, especially in light of sectors that set Oman apart in logistics, technology, financial services and other economic sectors.

He also highlighted the agreement’s role in promoting trade growth between the two countries through investment opportunities for the UK companies in Oman due to its strategic location and being a central logistic hub of international maritime trade.

Huddleston also shed light on the agreement’s role in boosting Oman’s and the UK’s participation in the production and distribution of green energy to global markets.

“Salalah will become a hub for green hydrogen projects,” he added.

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