Bahraini delegation explores investment opportunities in Oman

Muscat: With the aspiration of getting familiarised with the investment climate in the Sultanate, a delegation representing Bahrain Chamber of Commerce and Industry visited on Tuesday the Public Establishment for Industrial Estates (PEIE). A meeting with the delegation was organised at PEIE’s headquarters in the Knowledge Oasis Muscat (KOM) in cooperation with Oman Chamber of Commerce and Industry.
The Bahraini delegation, which was chaired by Sameer Abdulla Nass, Chairman of Bahrain Chamber of Commerce and Industry, was received by Hilal bin Hamad Al Hasani, Chief Executive Officer of PEIE, and Ayman bin Abdullah Al Hasani, Vice-Chairman of PEIE Board of Directors.
Hilal Al Hasani briefed the delegation on the vision of PEIE, which is to enhance the Sultanate’s position as a leading regional centre of manufacturing, ICT, innovation and entrepreneurship excellence, and its mission in attracting industrial investments and providing continued support, through regionally and globally competitive strategies, good infrastructure, value adding services, and easy governmental processes.
PEIE officials explained the significance of the strategic location of the Sultanate, the prominent features of the industrial sector and the national economy. PEIE runs today a line-up of industrial estates in Al Rusayl, Suhar, Al Buraimi, Raysut, Sur, Nizwa, Sumail, in addition to Knowledge Oasis Muscat and Al Mazunah Free Zone.
Moreover, the Bahraini delegates were acquainted with the objectives of PEIE which include attracting foreign investments to the Sultanate and localising the national capital; strengthening relations with the concerned authorities to ensure the overflow of investment process and overcome any obstacles faced by investors; and contributing to stimulating the private sector to achieve sustainable economic and social development, among other objectives. The delegates were also introduced to the role played by the Knowledge Oasis Muscat to act as an ideal environment for the growth and prosperity of companies specialised in the field of Information and Communication Technology in Oman.
Additionally, PEIE officials gave a brief on PEIE’s investment arm – Shumookh Investment and Services SAOC. Established in 2010, Shumookh aims at developing infrastructure projects and encouraging investment in the industrial estates under PEIE. The vision of Shumookh is to develop globally competitive industrial infrastructure in the industrial estates of PEIE and create the best environment for the growth of industries in Oman through the attraction of strategic partnerships to invest and implementation of diverse infrastructure development projects in the industrial estates pertaining to PEIE.