Indian business delegation explores investment opportunities in Oman

Muscat: With the aim of promoting trade and investment opportunities, the Public Authority for Investment Promotion and Export Development (Ithraa), Oman’s inward investment and export development agency, and the Public Establishment for Industrial Estates (PEIE) joined forces at an event Wednesday to discuss commercial ties with an Indian business delegation at the Knowledge Oasis Muscat (KOM).
“Oman has a long history of bilateral trade with India, with links dating back centuries, and we want to ensure this tradition continues to grow from strength to strength,” explained Nasima Al Balushi, Ithraa’s director general for export development and acting director general for investment promotion.
According to Al Balushi, the trade delegation is an important commercial opportunity for both Oman and India.
Ithraa’s Investment Promotion Team talked about Oman’s innovations and the opportunities for investors in transport and logistics, tourism, fisheries, manufacturing and mining. “Oman has a rich heritage of innovation and entrepreneurship, and the discussions present Indian companies with excellent access to the region’s fastest growing economies, as well as the benefits of a well-trained, ambitious and multilingual workforce. We look forward to raising our profile in India, one of our key markets,” Al Balushi stated.
Officials of the PEIE, briefed the delegates on the organisation’s vision , which is to enhance the Sultanate’s position as a leading regional centre of manufacturing, information and communication technology (ICT), innovation and entrepreneurship excellence. Its mission is to attract industrial investments and provide support, through regionally and globally competitive strategies, good infrastructure, value added services, and easy governmental processes.
The PEIE officials highlighted its objectives, which include attracting foreign investment to the Sultanate and contributing to stimulating the private sector to achieve sustainable economic and social development.
The Indian businessmen were also briefed on the role played by KOM to develop an ideal environment for the growth and prosperity of companies specialising in the field of ICT in the Sultanate.
The delegates then visited Oman Fiber Optic, Oman Foodstuff Factory (Al Mudhish), and Oman Textile Mills Company (Naseej Oman), which are based in the Rusayl Industrial Estate.