Omani-Japanese Investment Forum explores means of boosting partnership
Tokyo: The Omani-Japanese Investment Forum, held on Monday in the Japanese capital Tokyo, reviewed opportunities for cooperation and enhancing trade and investment partnerships between the two countries.
The event saw participation from representatives of the Ministry of Commerce, Industry, and Investment Promotion and the Ministry of Health, as well as business owners and investors from both nations.
This took place during the visit of a delegation from Oman Chamber of Commerce and Industry (OCCI) to Japan, headed by Rashid Amer Al Maslahi, First Deputy Chairman of the Chamber's Board of Directors.
In his speech, Al Maslahi emphasised the forum's importance in exploring potential trade and investment opportunities between the two countries, adding that the OCCI is keen to support and strengthen commercial cooperation between the Omani and Japanese markets.
He noted that over the past fifty years, private-sector cooperation between the two countries has seen significant development, with bilateral trade growing by 7% in 2024 compared to 2023, reflecting the depth and strength of commercial relations.
Oman's exports to Japan include crude oil, natural gas, aluminum, and fisheries products such as squid, tuna, and green beans, while imports from Japan consist of cars, machinery, electrical equipment, and vehicle spare parts.
Al Maslahi added that the OCCI delegation's visit to Japan aims to empower the Omani private sector and explore promising opportunities in information technology, renewable energy, the circular economy, transportation and logistics, and manufacturing industries.
For his part, Dr. Mohammed Said Al Busaidi, Oman's Ambassador to Japan, highlighted the significance of the Omani-Japanese Investment Forum in boosting trade and economic exchange, particularly in industry, advanced manufacturing, healthcare, food security, tourism, services, as well as renewable and traditional energy sectors.
The event also featured several visual presentations on opportunities to enhance bilateral trade, Oman's investment climate, key incentives offered to investors across various economic sectors, and investment prospects in the healthcare sector, including major national projects.
Additionally, the forum included a meeting between the OCCI First Deputy Chairman and head of the delegation with several Japanese companies interested in the Omani market, along with bilateral discussions, networking sessions, and business-to-business meetings between Omani and Japanese firms.
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