Oman discusses opportunities of investment with Iran officials

Business Saturday 05/March/2016 20:13 PM
By: Times News Service
Oman discusses opportunities of investment with Iran officials

Muscat: For the second day, The Research Council (TRC) represented by the Innovation Park Muscat (IPM) in the presence of His Highness Sayyid Dr. Fahad bin Aljulanda Al Said, assistant secretary general for Innovation Development and a number of TRC representatives conducted a meeting with Iranian investors aiming to explore the potential collaborative opportunities.
At the beginning of the meeting, Dr. Hilal bin Ali Al Hinai, secretary general of TRC, introduced TRC’s National Research Strategy and the various projects and research programmes offered by TRC.
Al Hinai said that the visit of the Iranian delegation operating in ISTT comes within the framework of co-operation between the IPM and ISTT. He elaborated that the aim of this visit was to explore the investment opportunities available at the park and the possibility of collaborating in developing the research institutes.
The delegation included 15 Iranian investors working in related areas of focus. These are health, water and environment, food and biotechnology and renewable energy. Al Hinai pointed out that there are opportunities for the Iranian entrepreneurs and owners of small and medium enterprises to take advantage of the incubation space and programmes offered by IPM. There are also opportunities for large companies concerned with research and development activities in operating within the same area of specialisation of IPM to lease a freehold land area within the park.
“We are targeting investments in the areas of water, environment, and health, in addition to food and biotechnology,and renewable energy,” Al Hinai said.
Dr. Mohammad Javad Omidi, vice president of ISTT for Technology Development, gave a presentation on the investment opportunities in Iran in general and possible cooperation with ISTT in particular, through its various companies operating in the fields of science, technology, oil, gas and many other fields.
He also provided recommendations for practical ways of working with IPM in the near future.
The Iranian delegation listened to a number of important topics presented by TRC officials, which included the current status of research in the various sectors such as environment, biotechnology, energy, and industry, in addition to the health and social development sector. On the other hand, the Iranian companies represented their offerings and ways of establishing their research and products in the park.