Oman-India Investment Forum discusses opportunities in promising economic sectors

Muscat: Oman-India Investment Forum, organized by the Oman Chamber of Commerce and Industry today in Muscat, discussed investment opportunities available in promising economic sectors and enhanced the exchange of knowledge, experiences, and best industrial and commercial practices.

The forum, which witnessed the presence of a number of investors and business owners from both sides and the chief financial officers of economic and commercial institutions in the two friendly countries, focused on the promising sectors that can be relied upon for economic diversification, based on the strategic direction of the Chamber to expand the base of economic diversification, as these sectors include energy, mining, food security, manufacturing industries, transportation, logistics, and tourism and the digital economy.

Faisal bin Abdullah Al Rawas, Chairman of the Board of Directors of the Oman Chamber of Commerce and Industry, said that the forum came to discuss enhancing economic cooperation and trade and investment exchange in a way that rises to the level reached by bilateral relations between the Sultanate of Oman and the Republic of India.

He explained that the remarkable growth in bilateral trade and the initiation of both the Sultanate of Oman and the Republic of India to achieve a comprehensive economic partnership places the Omani and Indian private sectors with the responsibility of implementing this partnership, especially since the future outlook for the Omani and Indian economies is based on the private sector’s leadership of economic growth.

He pointed out that the forum is a platform for Omani and Indian companies to explore investment opportunities in key sectors such as energy, infrastructure, technology, health care and tourism, with a focus on projects and initiatives that provide investment prospects and discuss commercial policies in order to create a conducive environment for communication and building relationships between government officials, business leaders and investors. And industry experts from both the Sultanate of Oman and the Republic of India.

Dr. Abdullah bin Masoud Al Harithi, a member of the Board of Directors of the Oman Chamber of Commerce and Industry, said that the forum focused on exchanging knowledge and discussing trade policies, and what is related to customs tariffs, and measures to facilitate cross-border trade with the aim of creating a conducive environment for further communication and building relationships, in addition to focusing on areas Cooperation and investment success stories between the two countries.

The forum witnessed the presentation of several working papers that dealt with “Oman Vision 2040”, introducing its objectives and the promising investment opportunities it provides in a number of sectors, the features and incentives of investment in the Sultanate of Oman, the opportunities and facilities in economic zones and free zones, and investment opportunities in renewable energy, the digital economy, information technology, artificial intelligence, and food security, manufacturing industries and the tourism sector.

The forum also included an introduction to the investment opportunities available in the Republic of India and business opportunities for professionals and financial institutions in the first international financial center in India. During the forum, bilateral meetings were held between business owners and specialists in the two countries to conclude partnerships and exchange experiences.

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