OCCI issues statement on private sector investments in Oman

Muscat: A meeting was held between the Chairman of the Oman Chamber of Commerce and Industry (OCCI) and Undersecretary of the Ministry of Commerce, Industry and Investment Promotion towards creating joint investment projects that will enhance the contribution of the private sector to the GDP.
 
A statement issued online by the OCCI said: “His Excellency Eng. Ridha bin Jumah Al Saleh, Chairman of the Chamber’s Board of Directors, held a meeting in his office in the presence of Her Excellency Asila Bint Salim Al Samsamiyeh, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion, and the presence of a number of economic specialists from the Chamber and the Ministry.”
 
His Excellency the Chairman of the Chamber’s Board of Directors emphasised the importance of the meeting towards creating joint investment projects that will enhance the contribution of the private sector to the GDP and also contribute to enhancing the value added by investing in the opportunities available in the Sultanate and in other beneficiary countries.
 
The meeting discussed a number of topics, including the investment opportunities that will be presented for investment after being approved by the competent authorities, which will be announced and presented to investors locally and internationally. The meeting emphasised that each investment opportunity will contain a project file or an investment record that contains all the details related to the project and the interest of the investor to be viewed and known to enable him to make a decision to invest it.
 
The meeting also discussed the ministry’s plans to target global markets, which comes at the forefront of which is the plan to target the Saudi market because of the market’s distinct characteristics and its containment of huge investment opportunities. A meeting is scheduled next for OCCI and the Ministry of Commerce, Industry and Investment Promotion with the Council of Saudi Chambers to exchange aspects of cooperation, to be followed by an expanded meeting that includes businessmen from both sides to exchange investment opportunities between the countries.