Under the Patronage of His Highness Sayyid Shihab Muscat to host Advantage Oman Forum, Global Investment Exchange that Anchors Dialogue on Strategic Capital and Economic Transformation
Muscat: Global investors, policymakers, and business leaders are set to converge in Muscat on 27–28 April 2025 for the inaugural Advantage Oman Forum, a two-day international platform focused on the future of investment, economic resilience, and strategic collaboration. The event will take place at the St. Regis Al Mouj Muscat Resort and will open under the patronage of His Highness Sayyid Shihab bin Tariq Al Said, Deputy Prime Minister for Defence Affairs.
Organized by the Ministry of Commerce, Industry and Investment Promotion, the forum is delivered through its investment arm, Invest OMAN. The gathering is expected to bring together more than 250 senior figures representing government agencies, multilateral organizations, and global media outlets. Its objective is to foster deeper dialogue around shifting capital flows, climate finance, regional integration, and long-term investment strategy, positioning Oman as a stable and constructive partner in an evolving global investment landscape.
The Advantage Oman Forum takes place at a time when governments and institutions around the world are reassessing their role in a more competitive global economy. Incentives and infrastructure alone are no longer sufficient to attract meaningful capital. Investors are increasingly prioritizing countries that offer consistent policy direction, institutional trust, and clear development frameworks. Oman's model—grounded in political neutrality, regulatory reform, and purposeful diversification—reflects a strategic response to these demands. Vision 2040, the Sultanate's national development agenda, aligns with the United Nations Sustainable Development Goals and emphasizes resilience across key sectors such as clean energy, advanced manufacturing, logistics, agri-tech, and sustainable tourism.
The forum is structured around discussions that address the practical and policy-oriented dimensions of global investment. Topics include the integration of ESG metrics, the rise of green hydrogen, digital infrastructure development, and the reconfiguration of supply chains in response to geopolitical realignments. Oman's regulatory updates, free zone models, and digital investor services are expected to feature as case studies in facilitating cross-border capital.
Among the keynote speakers is H.E. Luigi Di Maio, EU Special Representative for the Gulf Region, who will speak on the growing strategic alignment between Europe and the Gulf, as well as the rising role of mid-sized economies in diverse global interests. The forum will open with a strategic exchange moderated by CNN Editor-at-Large Richard Quest, joined by H.E. Qais Al Yousef, Minister of Commerce, Industry and Investment Promotion, and H.E. Abdulsalam Al Murshidi, President of the Oman Investment Authority. Their session, titled The Shape of Things to Come, will examine how megatrends such as climate transition, technological disruption, and global capital shifts are redefining investor expectations and reconfiguring economic diplomacy. The discussion will also explore Oman's positioning as a partner that offers reliability, long-term clarity, and strategic access in a region of growing global importance.
The speaker lineup includes a broad range of international voices alongside national leaders. These include Michelle Karavias, Managing Director at Fitch Solutions; Diana Mangalagiu of Saïd Business School at the University of Oxford; and Creon Butler, Director of the Global Economy and Finance Programme at Chatham House; Dushyant Thakor, Deputy Executive Director at the World Association of Investment Promotion Agencies (WAIPA); Jonathan McClory, nation branding specialist and Research Associate at Hertford College, University of Oxford. The forum will hear from renowned businessmen such as Mohamed Al Abbar, Founder of Emaar Properties; Mohammed Al Barwani, Chairman of MB Holding Group; Mohammed Mahfoodh Al Ardhi, Chairman of the Muscat Stock Exchange and Executive Chairman of Investcorp; Hilmi Panigoro, President Director at MedcoEnergi; Yusuff Ali, Founder of LuLu Group.
While Oman serves as the host, the forum is not framed as a national showcase but as a global exchange. The emphasis is on co-creating investment pathways that respond to shared challenges—from energy transition and food security to regional resilience and digital transformation. Discussions are expected to move beyond policy declarations toward actionable frameworks that align capital with long-term public value.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Observer
6 hours ago
- Observer
Oman's income tax: A strategic test of fairness and fiscal vision
Oman stands at a pivotal juncture in its fiscal evolution—where traditional oil revenues alone can no longer guarantee long-term sustainability, and where new financial tools are needed to anchor the state's ambitions under Vision 2040. Among the reforms under consideration, personal income tax remains one of the most consequential, though still subject to timing and public readiness. This is not about immediate implementation, but about preparing the groundwork for a modern taxation system that reflects the Sultanate's strategic maturity. Income tax, if introduced thoughtfully, represents more than just a new revenue stream. It embodies a shift in how a nation defines shared responsibility. In Oman's case, the proposed structure is highly selective—targeting only individuals with net annual earnings above RO 30,000, who represent a narrow segment of the population. The rate under discussion is a modest 5 per cent, placing Oman well below global tax averages. This approach ensures that those who have benefitted most from the country's economic system contribute a fair share, without burdening the broader population. It's a move rooted in equity, not austerity. The income tax proposal also signals the government's intent to close systemic loopholes that have enabled high-income individuals to shield earnings under corporate structures, avoiding the 15 per cent corporate tax. These practices, though technically legal, erode trust in the tax regime and weaken the state's fiscal base. A personal income tax helps balance the system—ensuring that revenue flows are not distorted by creative accounting or structural arbitrage. It complements other reforms, including VAT and customs adjustments, which aim to diversify income without compromising fairness. For foreign investors, the tax carries little to no direct impact. Oman has signed comprehensive double taxation agreements with key trading partners, meaning any tax paid in Oman reduces liabilities elsewhere. Moreover, the tax applies to individuals—not corporations—so the fundamentals that attract foreign capital remain intact. Contrary to alarmist narratives, the policy has been designed with competitiveness in mind, ensuring that Oman continues to offer one of the region's most stable and attractive investment climates. The most critical variable now is timing, not design. The government has made clear that income tax will only be enacted when conditions are favourable—when digital systems are in place, when enforcement is consistent, and when public understanding is sufficient to support the transition. This caution reflects lessons learned from international experiences: rushed implementation of tax reforms can backfire. Oman's methodical pace is a sign of policy prudence, not hesitation. VISION 2040 REQUIRES BOLD BUT BALANCED MOVES Oman's Vision 2040 aspires to a knowledge-driven, diversified economy. That ambition demands a stable fiscal platform—and that, in turn, requires a broad-based contribution model. Relying solely on oil or VAT is not sustainable. Income tax, even in its limited proposed form, is a strategic bridge toward long-term resilience. Moreover, by taxing only the wealthiest, the state affirms its commitment to social equity, while signalling to international partners that it is serious about transparency, governance, and economic discipline. While technical preparations continue, what is equally important is a national conversation around the role of tax in state-building. Citizens must see taxation not as a cost, but as an investment in shared prosperity. To win trust, future tax policy must be paired with clear communication, visible results in public services, and mechanisms for accountability. A fair tax system is not just about rates—it's about how the money is spent, and whether it improves lives. Income tax in Oman is not yet a reality—but it is on the horizon. When it arrives, it will do so as part of a larger national transformation: from a rentier state to a participatory economy. If implemented with foresight and fairness, it will mark a new chapter in Oman's fiscal independence. This is less about taxing wealth, and more about laying the foundation for a modern, accountable state—one where every rial paid is a step toward national strength. Qasim al Maashani The writer is the head of business and politics section at Oman Observer
Muscat Daily
8 hours ago
- Muscat Daily
Oman, Uzbekistan ink deals to expand air links, trade
Tashkent, Uzbekistan – Oman and Uzbekistan have signed agreements to expand air transport rights and strengthen logistical cooperation, aiming to boost trade and investment ties between the two countries. The accords were reached during the fifth session of the Omani-Uzbek Joint Committee held in Tashkent on Friday. Both sides agreed to increase operating rights for airlines, support the re-export of Uzbek products through Omani ports, and enhance cooperation in scientific research and innovation. They also pledged to facilitate exchanges between their chambers of commerce and business delegations. The Omani delegation was led by H E Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, accompanied by H E Wafa bint Jabr al Busaidi, Ambassador of Oman to Uzbekistan. The Uzbek side was headed by Laziz Kudratov, Minister of Investment, Industry and Trade. Talks covered ways to deepen economic and trade relations and expand collaboration in sectors including energy, agriculture, higher education, tourism and culture. Both sides emphasised stronger partnerships between the public and private sectors. During his visit, H E Yousef met Sherzod Shermatov, Minister of Digital Technology of Uzbekistan, and discussed investment opportunities and trade challenges with Uzbek businessmen. He also attended roundtable meetings where investors from both countries reviewed available projects. Omar al Harthy, Senior Investment Analyst at the ministry, delivered a presentation on 'Invest in Oman', highlighting incentives for foreign investors. The Omani delegation held further meetings with representatives of the electronic payment technology, textiles and e-commerce sectors. H E Yousef also met Bakhtiar Saidov, Minister of Foreign Affairs of Uzbekistan, to review existing bilateral agreements and discuss updating them in line with current priorities. The delegation visited the International Exhibition Centre, meeting companies in innovation and industrial technology and viewing new projects by Uzbek institutions.
Muscat Daily
12 hours ago
- Muscat Daily
Oman's industrial exports rise 8.6% to over RO1.6bn in Q1
Muscat – Oman's industrial exports rose sharply by 8.6% during the first quarter of 2025, reaching RO1.618bn, compared to RO1.49bn during the same period in 2024, according to the latest statistics released by the National Centre for Statistics and Information (NCSI). The NCSI data indicated that Omani industrial exports have experienced significant expansion across several regional markets, reflecting the growing presence of Oman's industrial sector on the regional trade map. Saudi Arabia recorded a robust 28.3% increase in its imports of Omani industrial products, reaching RO259mn – highlighting the strong economic ties between the two countries and the increasing demand for Omani goods in the Saudi market. In a statement to the Oman News Agency, Mazin bin Humaid al Siyabi, Assistant Director General of the Directorate General of Industry at the Ministry of Commerce, Industry and Investment Promotion, explained that the rapid growth in Omani industrial exports in recent months represents tangible evidence of the success of the ministry's industrial policies. 'These policies focus on diversifying export markets, improving production efficiency, enhancing the competitiveness of Omani products, achieving economic diversification goals, and building a resilient industrial base capable of adapting to global changes,' he said. Commenting on the growing trade between Oman and Saudi Arabia, Nasra bint Sultan al Habsi, Director General of Trade at the Ministry of Commerce, Industry and Investment Promotion, stated that the rise in trade between the two countries is a direct result of sustained bilateral cooperation and reflects the increasing economic integration across various sectors. She explained that the Economy, Trade and Industry Committee, an offshoot of the Omani-Saudi Coordination Council, has been committed, since its inception, to addressing trade-related challenges, standardising customs procedures, facilitating land transit at border crossings, and electronically linking the trade systems of both countries. 'These efforts have significantly contributed to improving the flow of goods and services and boosting commercial traffic through the Rub' al-Khali border crossing, which has become one of the key emerging arteries of trade between the two nations.' Nasra added that Saudi Arabia has become Oman's second-largest trading partner in the Gulf, amid rising aspirations for deeper industrial and commercial integration in the near future. She noted that Oman welcomes increased Saudi investment, particularly in special economic zones and free zones, which offer advanced infrastructure and competitive investment incentives. This is in line with the alignment of the strategic objectives of Oman Vision 2040 and Saudi Vision 2030. Siyabi highlighted that recent months have seen increased momentum in coordination and engagement between industrial sector officials in both countries. This has been reflected in a series of meetings, mutual visits, specialised workshops, and networking events for investors and entrepreneurs. He added that these initiatives have directly contributed to expanding areas of industrial cooperation, particularly in priority sectors such as manufacturing, advanced technologies, and supply chains. He pointed out that this new dynamism in industrial relations reflects the alignment of strategic visions between Oman and Saudi Arabia, adding that the shared emphasis on developing the industrial sector as a cornerstone of economic diversification is a promising strategy – one whose results are already evident in the growth of Omani industrial exports to Saudi Arabia and other regional markets.
