Oman Chamber of Commerce and Industry real estate committee to hold activities

Muscat: A proposal to hold a training course on “Real estate Brokerage”, in cooperation with the Ministry of Manpower, was among the issues discussed by the Real Estate committee of the Oman Chamber of Commerce and Industry at its first meeting of 2016.
The meeting held at the OCCI headquarters, under Dr. Ibrahim bin Baqer Al Ajmi, the Chairman of the committee, along with committee members representing the private sector also discussed holding an Omani Properties exhibition for all Omani companies in the field. Besides, the possibility of regularly holding a real estate forum every two years.
Dr. Ibrahim pointed out that the committee, in cooperation with firms in the public and private sector, will organize a number of activities to promote the real estate sector and to learn about the training needed in thissector. These events also aim at promoting the sector and introducingavailable opportunities and resources.
The chairman explained that the committee is planning to hold a training course on brokerage, in cooperation with one of the specialized institutes and the Ministry of Manpower. The course will last five days and include important topics related to this sector.
Regarding the real estate exhibition, the chairman said it targets to promote the sector and bring foreign investment to the region, besides marketing local projects. It was also agreed that a questionnaire is to be prepared to gather views about large projects and discuss whether their management wishes to participate in such an exhibition.
In discussions about the topic for the forum, Dr. Ibrahim said that the committee proposed to prepare a local market study in September or October that includes categories such as real estate mediators, developers and investors.
The committee also underlined the importance a market survey to know the attractive rules and others to utilise them in bringing investments to Oman.
It was also proposed that the Economic Research Department at OCCI undertake a comprehensive and accurate study about those real estate regulations that encourage investments.