Omani-Austrian Business Forum Discusses Enhancing Cooperation

Muscat: The Omani-Austrian Business Forum, today discussed ways to enhance cooperation in various sectors, including tourism, industry, construction, infrastructure, information technology, and medical education, in addition to reviewing incentives and investment opportunities in the Sultanate of Oman.

The meeting was organized by the Oman Chamber of Commerce and Industry (OCCI) in cooperation with the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) today in Muscat,

Faisal Abdullah Al Rawas, Chairman of OCCI Board of Directors, said that the forum focused on new projects that the Omani and Austrian sides could undertake jointly to augment the volume of investment and commercial exchange between the two friendly countries.

Al-Rawas pointed out that Oman Vision 2040 contemplates has investment opportunities in various fields such as tourism, industry and food security, which encourage Austrian companies to utilize available opportunities and incentives that the Sultanate of Oman extends to investors, notably at special economic zones, free zones and industrial cities, he said.

Dr. Martin Kocher, Minister of Labor and Economy of the Republic of Austria, commended the depth of bilateral relations between the Sultanate of Oman and the Republic of Austria, pointing out the need to expand economic cooperation between the two countries to raise the volume of trade and investment exchange.

The Austrian Minister of Labor and Economy explained that there various investment and economic opportunities between the two countries, could be utilized in the fields of industry, green hydrogen and tourism.

He Pointed out that the Sultanate of Oman espouses an ambitious vision in this field, and at the same time there is a demand for importing hydrogen into Austria, he added.

The forum included a visual presentation on the most prominent components of the investment, tourism and economic environment in the Sultanate of Oman as well as incentives extended to investors in various sectors. The forum also provided grounds for meetings between Omani business owners and their Austrian counterparts. The meeting aimed at consolidating cooperation, developing trade relations, exchanging experiences and information, and exploring joint cooperation opportunities.

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