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Oman

We Must All Cooperate to Make Expo 2020 Success: Omani Minister

Minister of Trade and Industry of the Sultanate of Oman, Dr Ali bin Masood bin Ali Al Sunaidi, said that the Expo 2020 Dubai is an important exhibition for the Sultanate. “We must all cooperate to make this international event a success.”

“We are in agreement with our brothers in the UAE to facilitate the registration of small and medium-sized companies that will work together with their counterparts in the UAE to make this important international event a success,” Al-Sunaidi said on the sidelines of the Omani-Omani Economic Forum held recently in Oman.

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On the importance of the Oman-UAE Economic Forum, he said: “We are very pleased with the presence of our brothers from the UAE in the Sultanate of Oman to participate in the Omani Omani Forum which was held in Muscat. The forum provided an ideal platform for businessmen from both countries to meet with each other and discover great opportunities. In the Sultanate.

He pointed out that the Sultanate of Oman is witnessing a new stage of completion of infrastructure works and has many promising areas which we hope the businessmen of both countries will benefit from. He pointed out that the number of Emirati or UAE Omani companies in the Sultanate reached 2,800 companies, Such as industry, tourism, health, and education.

He expressed the hope that this forum will be an opportunity to strengthen Oman-UAE relations both within the Sultanate and even to other promising markets such as African markets. He pointed out that youth in both countries can benefit from the opportunities available in both countries.

“The region is one of the most promising economic zones in the region, with an area of 2000 square kilometers and a coastline of about 60 kilometers,” he said. “The region has many investment opportunities, both Asian and Arab, Gulf countries, and brothers in the UAE have an interest in this region.

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He added that the General Organization for Industrial Estates (Mada’in) in the Sultanate of Oman is also expanding, pointing out that many businessmen in the UAE have ideas to expand in other countries, and we believe that Omanis and Emiratis are able to go together to those countries.

He stressed that the Sultanate of Oman provides incentives to investors, and there is special treatment for the GCC and the Gulf investor under the Gulf agreement is more carefully treated.

He pointed out that the Sultanate of Oman expanded during the current phase in the economic zones and free zones, which allows 100% foreign investment, and we welcome the interest shown by the UAE businessmen in this regard, expecting that there will be more cooperation from the Union of UAE Chambers and the Chamber of Commerce and Industry of Oman.

For his part, Eng. Ahmed bin Hassan Al-Deyib, Undersecretary of the Ministry of Commerce and Industry in the Sultanate of Oman, said relations between the UAE and Oman are strong and well established.

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He stressed that this forum, which brought together businessmen from both countries, contributes to the strengthening of economic relations between the two brotherly countries.

“We look forward to creating joint partnerships between the UAE and Oman,” he said, adding that the forum helped highlight the promising investment areas in Oman and identify new projects being promoted by the Sultanate.

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