Oman, South Korea explore ways to boost investment

Muscat: Abdullah bin Ali Al Shafei, the Chairman of Board Directors of Oman Chamber of Commerce and Industry (OCCI) in Batinah North Governorate, met Ambassador of South Korea Chang K. Kim last Thursday at his office.
During the meeting, they examined ways to enhance business and investment cooperation. Al Shafei also pointed out to the investment opportunities of North Batinah Governorate and the most significant economic zones such as Suhar Industrial Estate, Suhar Free Zone and Suhar Port that have remarkable privileges and facilities.
Al Shafei affirmed that Oman has an attractive investment environment notably after promulgation of economic laws by the late of His Majesty Sultan Qaboos bin Said bin Taimour (may his soul rest in peace). The Foreign Capital Investment Law was the one of most important laws that gives the investors freehold of the capital company. Meanwhile, the ambassador commended the noticeable investment and trade movement that Oman has been witnessing, and said he looks forward to reinforcing the bilateral relationships and calling upon South Korean investor to benefit from the investment opportunities that are available in Oman.