Oman named guest of honour at 56th Algiers International Fair
MUSCAT: The Sultanate of Oman is the guest of honour at the 56th edition of the Algiers International Fair, held at the 'Safex Expo Center' in the People's Democratic Republic of Algeria from June 23 to 28.
This participation underscores the strength of fraternal and economic relations between the Sultanate of Oman and the People's Democratic Republic of Algeria, as well as the fruitful cooperation between the two countries across various fields.
The Omani delegation is headed by the Ministry of Commerce, Industry and Investment Promotion, with participation from several government and private sector entities. The Omani pavilion at the international fair features over 60 companies and establishments from diverse industrial, commercial and service sectors, including specialised firms in pharmaceuticals, transportation, electrical transformers, real estate, fisheries, tourism, food products, handicrafts, and more.
The participation aims to explore opportunities of trade and investment exchange, as well as discussing potential partnerships and export prospects to the Algerian market and regional and international markets.
Ibtisam bint Ahmed al Faroojiyah, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion, affirmed that Oman's invitation as guest of honour at this event reflects the depth of bilateral and economic relations between the two countries. She noted that Oman views Algeria as a nation with promising opportunities for cooperation in investment, trade and industry.
She stated that this participation seeks to present Oman as a promising investment hub, highlighting available investment opportunities and showcasing its modern infrastructure, incentives and facilitations for investors, making it a strategic platform for accessing regional and global markets.
She added that the Omani pavilion offers visitors and investors an enriching interactive experience while providing a platform to enhance communication between Omani and Algerian companies.
The Algiers International Fair, held annually, attracts thousands of visitors and participants from around the world. Oman's participation will bolster its commercial and investment presence on the international stage, opening new horizons for the Omani private sector to build sustainable partnerships that support economic diversification and regional integration efforts. - ONA
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Times of Oman
an hour ago
- Times of Oman
PM Modi congratulates President Sheinbaum on her historic victory, thanks Mexico for its support in India's fight against terrorism
Kananaskis : Prime Minister Narendra Modi met with the President of Mexico, Dr Claudia Sheinbaum Pardo on the sidelines of the G7 Summit in Kananaskis, Canada. He congratulated President Sheinbaum on her historic victory and thanked Mexico for its support in India's fight against terrorism. This was the first meeting between the two leaders, the Ministry of External Affairs said in a press release. Highlighting the historical bonds of friendship between India and Mexico, the two leaders agreed to work towards further expanding ties in the areas of trade, investment, start-ups, innovation, science and technology, and the automotive sector, and to promote people-to-people exchanges. While noting with satisfaction the growing trade and investment cooperation between the two countries, the leaders discussed the opportunities offered by Mexico in the context of near-shoring. The growing opportunities in the pharmaceutical sector, where India can play an important role in supplying and producing affordable, quality medicines and other pharmaceutical products, as also in agricultural and holistic health, figured prominently in the discussions, according to the release. President Sheinbaum was appreciative of India's strides in technology, innovation, and digital public infrastructure and expressed desire for cooperation with India in these areas. Prime Minister underlined that the two countries should explore collaboration in the fields of semiconductors, AI, quantum, and critical minerals. The leaders also noted upcoming engagements between the think-tank communities of the two sides, and the vibrant cultural and people-to-people ties between the two countries, which will promote tourism flows as well, the Ministry of External Affairs relase added. As partner countries, the leaders exchanged views on pressing global and regional issues, and the priorities of the Global South.
Observer
8 hours ago
- Observer
SMEs empowered under equal opportunities initiative
MUSCAT: A new phase of support for Omani entrepreneurs was launched with the fourth edition of the National Equal Opportunities Initiative, spearheaded by the Public Authority for Special Economic Zones and Free Zones (OPAZ) and the Public Establishment for Industrial Estates (Madayn). The initiative aims to bolster local industries, encourage innovation, and provide small and medium enterprises (SMEs) with access to viable business opportunities. Dr Ayman bin Abdullah al Fudhaili, CEO of the Industrial Innovation Academy, stated that Madayn has empowered SMEs by offering technical support, capacity-building programmes, and strategic partnerships that enhance competitiveness and ensure sustainable growth. One of the Academy's key programmes is "Oman Makers", which supports small factories with diagnostics, consulting, and prototype development. He also highlighted the "Sohar Production" initiative, a manufacturing hub offering reverse engineering services and precision design capabilities that reduce R&D costs. Additionally, the "Business Accelerator", part of the Omani Startups Programme, connects startups with investment opportunities to scale both locally and internationally. Numerous training programmes have also been rolled out, including those in AI applications, plastic machinery operations, legal skills, and traditional ship modelling. The Academy has also identified critical service needs across Madayn's industrial zones—such as maintenance, PR, legal and insurance services—which SMEs can fulfil. These services are estimated to be worth over RO 6.7 million. The launch event saw the signing of contracts between SMEs and various stakeholders to deliver these services. A successful case study was presented to showcase the impact of such collaborations. The event was attended by Shaikh Dr Ali bin Masoud al Sunaidy, Chairman of OPAZ, underscoring the government's ongoing commitment to supporting SME growth in the Sultanate of Oman. — ONA
Observer
8 hours ago
- Observer
Invest Oman hosts ‘Advantage Oman' dialogue in Brussels
BUSINESS REPORTER MUSCAT, JUNE 17 As part of its strategic agenda to expand global investment partnerships, Invest Oman , operating under the Ministry of Commerce, Industry, and Investment Promotion, convened the 'Advantage Oman – Kingdom of Belgium' Business Dialogue in Brussels. The event was held in collaboration with the Embassy of the Sultanate of Oman in Belgium and the Arab-Belgian-Luxembourg Chamber of Commerce (ABLCC). Designed to highlight the Sultanate's evolving investment landscape, the dialogue aimed to foster deeper economic and trade relations between Oman and Belgium. It brought together a distinguished audience of Belgian investors, industry leaders, and senior decision-makers, with a focus on high-potential sectors such as renewable energy, pharmaceuticals and life sciences, and tourism and leisure. The platform facilitated direct engagement between Omani and Belgian stakeholders, enabling exploration of joint investment opportunities and commercial synergies. The Omani delegation presented Oman's strategic megaprojects, regulatory enhancements, and investor-centric reforms—underscoring the Sultanate's commitment to creating a competitive and future-ready business environment. Pankaj Khimji, Foreign Trade and International Cooperation Adviser at the Ministry of Commerce, Industry, and Investment Promotion, stated: 'Oman places great emphasis on forging long-term partnerships with Belgium. This dialogue is a strategic step toward elevating our economic cooperation, introducing Oman's competitive advantages, and enabling Belgian enterprises to expand within a high-potential, future-ready market.' Rua bint Issa Al Zadjali, Ambassador of the Sultanate of Oman to the Kingdom of Belgium, remarked: 'This initiative reflects Oman's broader vision to strengthen economic diplomacy and create meaningful engagement with key international markets. It is a timely platform to deepen ties with Belgium's business community and highlight Oman's role as a trusted and strategic investment destination.' The 'Advantage Oman – Kingdom of Belgium' Business Dialogue is part of Oman's ongoing global outreach to position itself as a regional gateway for investment and trade. Belgium continues to emerge as a key partner across several priority sectors, as Oman actively builds enduring economic bridges with European markets.
