Muscat: Omani-Bahrain company will be formed with a capital of OMR 10 million, Chairman of Oman Chamber of Commerce and Industry (OCCI) said.
His Excellency Eng Ridha bin Juma Al Saleh, Chairman of the Board of Directors of Oman Chamber of Commerce and Industry, said that during the Omani delegation’s visit to the Kingdom of Bahrain, it was agreed to establish the Omani-Bahrain Investment Holding Company with a capital of OMR 10 million. The company will have its headquarters in Muscat.
The Chairman confirmed that the company will be equally divided between Omani businessmen and their counterparts on the Bahraini side. It will invest in the field of food security and in existing companies working in this field and in other sectors focused on Oman Vision 2040.
"In the first phase, the company will focus on investing in those sectors in the Sultanate of Oman, then move to invest in the Kingdom of Bahrain, noting that the chambers of commerce in the two countries will each contribute 10 per cent during the establishment stage," H.E. Eng Ridha Al Saleh added.