Times of Oman
US delegation plans to set up IT centre in Oman
August 23, 2017 | 9:12 PM
by ONA
Talib bin Saif Al Makhmari, Director General of Marketing and Media at Ithraa said that the visit aims at highlighting the available investment opportunities in the prioritised sectors during the upcoming stage. -ONA
 
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Muscat: A visit programme is being organised for a US delegation between August 18 and August 26 by the Public Authority for Investment Promotion and Export Development (Ithraa), in cooperation with the Commercial Attaché Office in Washington.

The visit aims at advising investors of the investment environment in the Sultanate and the facilities provided to investors in many sectors.

The visit programme includes visits to several public and private organisations, as well as investment funds.

The delegation representing Capital Data Centers, INC of the US expressed its desire to set up IT centre in the Sultanate to serve MENA region needs. The delegation met with a number of communication companies.



Investment opportunities

Talib bin Saif Al Makhmari, Director General of Marketing and Media at Ithraa said that the visit aims at highlighting the available investment opportunities in the prioritised sectors during the upcoming stage.

Since the Free Trade Agreement (FTA) between the Sultanate and USA came into force on 1st January 2009, 460 US companies have been registered in the Sultanate as of 2014.

Statistics point out that the value of US foreign direct investment in the Sultanate stood at OMR 245.7 million in 2013. The key US investments in the Sultanate include Occidental Oman, Octal, GlassPoint, Dover Energy and VFT Global.

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