Latest news with #HEQaisalYousef
Muscat Daily
20-04-2025
- Business
- Muscat Daily
Muscat to host global business leaders at Advantage Oman Forum
Muscat – Oman will host leading international business figures, government officials and economists in Muscat this month at the inaugural Advantage Oman Forum, a two-day gathering aimed at positioning the sultanate as a key global investment destination. Set to take place on April 27 and 28, the event is being organised by Ministry of Commerce, Industry and Investment Promotion, through 'Invest Oman', in partnership with Ministry of Heritage and Tourism, Oman Chamber of Commerce and Industry, and Sohar International. It will highlight Oman's growing economic potential and showcase investment opportunities in sectors aligned with Oman Vision 2040 and the country's Net Zero 2050 ambitions. It is also expected to reinforce the sultanate's economic diplomacy and efforts to attract long-term, sustainable foreign investment. The forum will include panel discussions, closed-door meetings and fireside conversations focused on global megatrends and their impact on Oman's economic direction. Key themes include clean energy, advanced manufacturing, logistics, mining, agri-food, tourism and digital innovation, with sustainability and competitiveness at the core of the discussions. 'The Advantage Oman Forum aims to provide a platform for strategic dialogue and collaboration, unlocking new opportunities for high-quality investments,' a press release said. Among the confirmed speakers are Abdulsalam al Murshidi, President of Oman Investment Authority; H E Qais al Yousef, Minister of Commerce, Industry and Investment Promotion; H E Dr Said al Saqri, Minister of Economy; and H E Salem al Mahrouqi, Minister of Heritage and Tourism. Prominent regional business leaders include Mohamed al Abbar, Founder of Emaar Properties; Mohammed al Barwani, Chairman of MB Holding Group; Mohammed Mahfoodh al Ardhi, Chairman of Muscat Stock Exchange; and Yusuff Ali, Chairman of Lulu Group. International figures will also participate, including Abdulla al Marri, UAE Minister of Economy; Luigi Di Maio, EU Special Representative for the Gulf Region; Creon Butler from Chatham House; Michelle Karavias of Fitch Solutions; Diana Mangalagiu from University of Oxford; and Jonathan McClory from Hertford College, Oxford. Dushyant Thakor, Deputy Executive Director at WAIPA, will present insights on global investment promotion trends. Richard Quest, CNN Editor-at-Large, will moderate a headline session titled 'The Shape of Things to Come', focusing on emerging trends in climate adaptation, renewable energy, artificial intelligence and Industry 5.0. The session will examine how technologies such as Edge AI and telemedicine are changing global business, and how companies can navigate geopolitical uncertainties and build long-term resilience.
Zawya
11-03-2025
- Business
- Zawya
Logistics sector expected to contribute $36bln to Oman's GDP by 2040
Muscat: With Oman's strategic location at the crossroads of global trade routes, cutting-edge infrastructure projects, and advancements in air, sea and land connectivity, the sultanate's transport and logistics sector is poised to drive economic growth and diversification in the coming years. A new report from global research and advisory company Oxford Business Group, in partnership with Oman's Ministry of Commerce, Industry, and Investment Promotion, shows that Oman's transport and logistics sector is anticipated to contribute RO14bn to the national economy by 2040, positioning the sector as the second-highest economic contributor after hydrocarbons. As of 2023, the logistics sector contributed approximately 7% to Oman's GDP. It contributed RO1.7bn, or 6.1%, to the sultanate's GDP in the first nine months of 2024, as per the report. According to the report titled 'Investing in Oman's Future: High-Growth Opportunities in Key Sectors,' the Omani transport and logistics sector presents wide-ranging investment opportunities. The sector, which currently provides over 79,000 jobs, is seeking to create up to 300,000 new logistics jobs by 2040. The Oxford Business Group report covers various promising sectors and highlights the sultanate's ongoing efforts to attract investment and foster economic transformation through strategic initiatives aligned with Vision 2040. The report explores the sultanate's advancements and opportunities in transportation and logistics, agriculture and food production, manufacturing and mining, tourism and urban development, energy, and the digital economy. It offers an in-depth analysis of Oman's drive to position itself as a global leader in green hydrogen, renewable energy and digital innovation, while leveraging its strategic location as a logistics hub connecting Asia, Africa and Europe. The report also examines Oman's significant infrastructure projects, such as Khazaen Economic City and its advanced port systems, which aim to solidify the country's status as a vital trade and logistics centre. It outlines how initiatives like Yiti Sustainable City and Hydrom are aligning with global sustainability goals to attract environmentally conscious investments. The report features an exclusive interview with H E Qais al Yousef, Oman's Minister of Commerce, Industry and Investment Promotion, who underscores the importance of strategic investments in driving the nation's transformation. 'This report underlines Oman's potential as an attractive and globally competitive investment destination. Our priorities – diversification, infrastructure promotion, re-engineering Oman's business environment, human capital development, as well as employment generation, trade enhancement, creating in-country value and digital transformation – were established with Oman Vision 2040. They are now reinforced by our net-zero emissions target in 2050 and are being realised through progressive policies,' H E Yousef said. Jana Treeck, Oxford Business Group's Managing Director for the Middle East, said the report highlights Oman's progress in creating a pro-business environment that promotes both local value creation and foreign direct investment. 'Oman is making significant strides in economic diversification under Vision 2040, with its focus on sustainable growth and innovation providing a solid foundation for long-term success,' she said. 'This report underscores the sultanate's commitment to harnessing its competitive advantages and implementing forward-thinking strategies to unlock high-growth opportunities across key sectors.' © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Muscat Daily
10-03-2025
- Business
- Muscat Daily
Logistics sector expected to contribute RO14bn to Oman's GDP by 2040
Muscat – With Oman's strategic location at the crossroads of global trade routes, cutting-edge infrastructure projects, and advancements in air, sea and land connectivity, the sultanate's transport and logistics sector is poised to drive economic growth and diversification in the coming years. A new report from global research and advisory company Oxford Business Group, in partnership with Oman's Ministry of Commerce, Industry, and Investment Promotion, shows that Oman's transport and logistics sector is anticipated to contribute RO14bn to the national economy by 2040, positioning the sector as the second-highest economic contributor after hydrocarbons. As of 2023, the logistics sector contributed approximately 7% to Oman's GDP. It contributed RO1.7bn, or 6.1%, to the sultanate's GDP in the first nine months of 2024, as per the report. According to the report titled 'Investing in Oman's Future: High-Growth Opportunities in Key Sectors,' the Omani transport and logistics sector presents wide-ranging investment opportunities. The sector, which currently provides over 79,000 jobs, is seeking to create up to 300,000 new logistics jobs by 2040. The Oxford Business Group report covers various promising sectors and highlights the sultanate's ongoing efforts to attract investment and foster economic transformation through strategic initiatives aligned with Vision 2040. The report explores the sultanate's advancements and opportunities in transportation and logistics, agriculture and food production, manufacturing and mining, tourism and urban development, energy, and the digital economy. It offers an in-depth analysis of Oman's drive to position itself as a global leader in green hydrogen, renewable energy and digital innovation, while leveraging its strategic location as a logistics hub connecting Asia, Africa and Europe. The report also examines Oman's significant infrastructure projects, such as Khazaen Economic City and its advanced port systems, which aim to solidify the country's status as a vital trade and logistics centre. It outlines how initiatives like Yiti Sustainable City and Hydrom are aligning with global sustainability goals to attract environmentally conscious investments. The report features an exclusive interview with H E Qais al Yousef, Oman's Minister of Commerce, Industry and Investment Promotion, who underscores the importance of strategic investments in driving the nation's transformation. 'This report underlines Oman's potential as an attractive and globally competitive investment destination. Our priorities – diversification, infrastructure promotion, re-engineering Oman's business environment, human capital development, as well as employment generation, trade enhancement, creating in-country value and digital transformation – were established with Oman Vision 2040. They are now reinforced by our net-zero emissions target in 2050 and are being realised through progressive policies,' H E Yousef said. Jana Treeck, Oxford Business Group's Managing Director for the Middle East, said the report highlights Oman's progress in creating a pro-business environment that promotes both local value creation and foreign direct investment. 'Oman is making significant strides in economic diversification under Vision 2040, with its focus on sustainable growth and innovation providing a solid foundation for long-term success,' she said. 'This report underscores the sultanate's commitment to harnessing its competitive advantages and implementing forward-thinking strategies to unlock high-growth opportunities across key sectors.'
