Canadian delegation explores business opportunities and investments in Oman

Energy Tuesday 19/September/2017 21:46 PM
By: Times News Service
Canadian delegation explores business opportunities and investments in Oman

Muscat: Available business opportunities and incentives in the Sultanate were discussed when a visiting Canadian delegation met with officials at the Public Authority for Investment Promotion and Export Development “Ithraa”.
The visiting team is led by Dennis Horak, Canadian Ambassador to the Kingdom of Saudi Arabia (KSA), non-resident Ambassador to the Sultanate.
The delegation reviewed the promising sector of priority for the Sultanate and the infrastructure and economic projects, which are expected to attract foreign investments during the upcoming period.
The two sides reviewed the opportunities for increasing the volume of reciprocal trade and means of increasing Omani exports to the Canadian market in particular and North American markets in general.
Real partnership
Nasima bint Yahya Al Balushiyah, Director General of Export Development, Acting Director General of Investment Promotion said that the Canadian business delegation expressed its desire to create real partnership in the targeted sector.
The meeting was attended by Ayman bin Abdullah Al Hassani, Deputy Chairman of Oman Chamber of Commerce and Industry (OCCI), Board member of Ithraa alongside with representatives of public and private organizations.
The Canadian business delegation includes officials at the capital markets and commercial banks, as well as CEOs for Canadian oil, gas and mineral companies.
At MSM: Ahmed bin Saleh Al Marhoon, Director General of Muscat Securities Market (MSM), on Tuesday received a Canadian economic delegation of 15 members representing investors and companies from several economic sectors in Canada.
The meeting reviewed the investment opportunities available and discussed more opportunities for joint cooperation between the Sultanate and Canada in the securities sector and enhance cooperation between the MSM and the Toronto Stock Exchange in Canada.
The Canadian delegation reviewed the Omani experience in the field of securities through a tour of the various sections of the market.