Oman participates in preparatory meeting of GCC investment undersecretaries

Muscat: The Sultanate of Oman participated on Monday, via video conferencing, in the sixth preparatory meeting of the GCC Investment Undersecretaries Committee, in preparation for the meetings of the ministerial committees of the Ministers of Commerce, Industry and Investment of the GCC states, scheduled to be held in the Kingdom of Bahrain.

The Sultanate of Oman was represented at the meeting by Ibtisam Ahmed Al Farooji, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion.

The meeting discussed a number of topics related to enhancing investment integration among the GCC states and developing frameworks for cooperation and joint Gulf action in the field of investment, thereby contributing to unifying efforts and strengthening the ability of the GCC states to attract quality investments and draw capital from various global markets.

The meeting also examined ways to enhance coordination among the GCC states in investment fields and to leverage the assets and opportunities enjoyed by the Gulf states, in a manner that supports the building of a more integrated investment ecosystem and enhances the competitiveness of the GCC states and their standing as an attractive destination for regional and international investments.

The meeting addressed a number of topics pertaining to the development of joint Gulf investment work and the enhancement of information and expertise exchange among the GCC states, alongside examining mechanisms for supporting cooperation and coordination in a manner that contributes to achieving shared economic interests and strengthening the presence of the GCC states on the regional and international investment map.