Sezad woos Indian investors to Duqm

Business Tuesday 22/January/2019 16:39 PM
By: Times News Service
Sezad woos Indian investors to Duqm

Muscat: The Special Economic Zone Authority at Duqm (Sezad) launched a promotional campaign on Tuesday in New Delhi amid official appreciation and interest of the business community in the Indian capital.
Minister of State for Commerce & Industry, C.R. Chaudhary expressed India's interest in boosting economic relations between the Sultanate and India, pointing to the trade exchange between the two countries and the Indian investments in Oman.
Speaking at the inaugural session of the "Invest in Duqm" seminar, he expressed the hope that the promotion will result in further economic partnerships between the two countries.
Yahya bin Said bin Abdullah Al Jabri, Board Chairman of Sezad, also expressed his appreciation for the efforts exerted by the competent authorities in the Sultanate and India to increase joint investments and improve economic relations between the two countries.
"This gathering provides a real opportunity to explore the advantages of investment in the Sezad. These meetings shed more light on the investment opportunities in Duqm and provide a good platform for exchanging views on the Sultanate's efforts in economic development,” he further added.
The visit of Indian Prime Minister Narendra Modi to the Sultanate in February underscores the strength of the political and economic relations between the two countries, he said.
In his address, Al Jabri reviewed the Sultanate's efforts in economic diversification, investment in the infrastructure sector and encouragement of the private sector, stressing that the Sultanate has many elements of investment encouraging.
He urged Indian companies and businessmen to explore the investment opportunities in Duqm and the advantages offered by the region to investors. He also praised the political stability enjoyed by the Sultanate and its political relations with various countries of the world and the trade agreements signed by the Sultanate with many countries.