Oman enjoys attractive investment environment: Singaporean officials

Sultan Haitham City
Sultan Haitham City

Singapore: A number of officials from Singaporean companies confirmed that the Sultanate of Oman enjoys an attractive investment environment, laws and procedures that encourage investment in a number of economic fields, in addition to the ease of starting a business.

Dr. S. Naseem, Chairman of the Singaporean “Meinhardt” Group, explained that the Sultanate of Oman enjoys an attractive investment climate. Due to the ease of starting a business, this is one of the most important things investors look forward to. He added that the Meinhardt Group is among the companies working on the Sultan Haitham City project, which is one of the most important projects that can attract investors, noting that there is great interest from Singaporean investors in this project.

He stressed that there is continuous communication with many government agencies in the Sultanate of Oman to discuss future projects that can be worked on in various fields related to infrastructure. Dr. S Naseem pointed out that the Sultanate of Oman has many potentials, especially in the tourism fields due to its diverse natural beauties, and continuing to work on providing tourist facilities would contribute significantly to attracting foreign investments.

For his part, Assange Keong, Assistant CEO of the Singaporean “Crimson Logic” company, said: The Sultanate of Oman is distinguished by laws and procedures that encourage investment, noting that the company invests in the Sultanate of Oman in the field of information technology and is currently working to establish a platform to facilitate the documentation of business processes and contribute to providing related services. Added value to various institutions that use the platform, and there are many available areas that the company is looking to work on in the Sultanate of Oman.

For his part, Peter Koh, CEO of the Singaporean Oceanus Group, explained that the group is looking forward to investing in the Sultanate of Oman in several areas, including food security, especially in the field of distribution related to fisheries.

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