Latest news with #InvestinOman
Observer
25-05-2025
- Business
- Observer
Oman, Qatar explore stronger trade and investment ties
MUSCAT: Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, received Dr Ahmed bin Mohammed al Sayed, Minister of State for Foreign Trade Affairs of the State of Qatar, at the 'Invest in Oman' Lounge on Sunday to discuss boosting trade and investment relations between the two nations. The meeting focused on strengthening bilateral economic cooperation and unlocking new opportunities in trade and investment to advance shared development goals. The Qatari delegation was briefed on Oman's investment landscape through a series of visual presentations highlighting the Ministry's responsibilities, the "Invest in Oman" platform, strategic partnerships, and available opportunities from the Ministry of Housing and Urban Planning. The visitors also toured the 'Invest in Oman' lounge, which serves as a one-stop investment facilitation center offering streamlined services to both local and international investors. A key part of the discussions included Oman's investment incentives, the Investor Residency Programme, and advantages within the Sultanate's special economic and free zones—areas that play a vital role in attracting foreign capital. The meeting was attended by Dr Saleh bin Saeed Masan, Under-Secretary for Commerce and Industry at the Ministry of Commerce, Industry and Investment Promotion; Ibtisam bint Ahmed al Faroojiya, Under-Secretary for Investment at the Ministry of Commerce, Industry and Investment Promotion; Shaikh Jassim bin Abdulrahman al Thani, Ambassador of Qatar to Oman; and other officials from both sides. — ONA
Observer
15-05-2025
- Business
- Observer
Khazaen Inks RO 8M deal for beverage manufacturing
Muscat: Khazaen Economic City has signed a new investment agreement with Sohar Food & Beverage LLC to establish a beverage manufacturing facility within its dedicated Food City zone. The project, covering 15,000 sqm and valued at RO 8 million, will produce carbonated drinks and natural juices. Facilitated through the Invest in Oman lounge, the partnership reflects growing inter-agency cooperation to attract high-quality investments and aligns with national efforts to boost food security and local industrial value.
Observer
10-05-2025
- Business
- Observer
Workshop reviews Foreign Capital Investment Law
The Ministry of Commerce, Industry and Investment Promotion is working to keep pace with regional and global developments in the investment sector and to strengthen the Sultanate of Oman's position as an attractive hub for regional and international investments. This is being pursued through the development of a flexible legislative framework, well-considered incentives, and the assurance of sustainable economic growth. In line with these efforts, the ministry, in collaboration with the Oman Chamber of Commerce and Industry, organised a workshop to evaluate and review the Foreign Capital Investment Law. The initiative is part of ongoing efforts to enhance the investment environment and attract foreign direct investment (FDI). The workshop addressed key challenges and opportunities associated with the implementation of the law. Discussions included a review of incentives and facilitations offered to investors, aimed at generating quality employment opportunities and expanding the economic base, while also addressing existing legal gaps and attracting more high-value investments. The session also reviewed a number of initiatives implemented in recent years, such as the launch of the 'Invest in Oman' Lounge, the reduction of commercial registration fees for foreign investors, the removal of minimum capital requirements, and the introduction of the Investor Residency Programme, which offers streamlined entry paths for investors. Nesima bint Yahya al Balushiyah, Director-General of the Investment Services Centre at the ministry, affirmed the ministry's commitment to reviewing and improving the investment environment in line with global economic trends. She reiterated the aim of enhancing the business climate to position Oman as a preferred destination for investors. Tahira bint Sultan al Amriyah, Director of the Business Environment Facilitation and Development Department at the Investment Services Centre, highlighted the importance of the workshop in identifying potential improvements to the business environment and addressing legislative gaps in line with market requirements and national human resource development goals. She stressed that developing the business environment requires integrated efforts with other government entities to ensure a seamless and encouraging experience for foreign investors. — ONA
Observer
10-05-2025
- Business
- Observer
Challenges facing the Foreign Capital Investment Law discussed
Muscat - The Ministry of Commerce, Industry and Investment Promotion, in cooperation with the Oman Chamber of Commerce and Industry, organized a workshop to evaluate and review the Foreign Capital Investment Law, to enhance the investment environment and attract foreign direct investment. The session discussed the most prominent challenges and opportunities facing the implementation of the law, in addition to reviewing the incentives and facilities provided to investors to create quality job opportunities and expand the economic base, while working to close existing legal loopholes and attract more quality investments. The episode also reviewed many initiatives implemented over the past years, such as the opening of the 'Invest in Oman' lounge, the reduction of commercial registration fees for foreign investors, the abolition of the minimum capital requirement, and the Investor Residency Program, which provides special pathways to facilitate investor entry.
Zawya
05-05-2025
- Business
- Zawya
Oman deal to set up $34mln industrial salt venture
Minerals Development Oman (MDO) has signed a strategic partnership agreement with Dev Salt to launch the Naqa Salt Project in Wilayat Mahout - set to become the largest industrial salt production initiative in the region. The agreement was signed by Eng Mattar bin Salim Al Badi, CEO of MDO, and Hirendrasingh Jhala, Chairman of Dev Global, in the presence of Ibtisam Ahmed Said Al Farooji, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion. The signing took place in collaboration with the Invest in Oman platform. Strategically located in Mahout, Al Wusta Governorate - within MDO's 51K concession area along the Arabian Sea — the project capitalises on ideal conditions for solar evaporation. Its proximity to Duqm Port further strengthens its export competitiveness to key global markets, particularly those relying on inputs such as bromine, caustic soda, and soda ash. The project will utilize sustainable, solar-powered evaporation technology to produce high-purity bromine-rich industrial salt. On the occasion, Al Farooji stated: 'We are pleased to support this partnership, which stands as a practical model for effective public-private collaboration. The Naqa Salt Project will advance the mining sector's alignment with Oman's economic diversification goals by attracting sustainable, clean-energy-driven investments. It also opens new pathways for SMEs to play a vital role in the national value chain. This aligns perfectly with the objectives of the Invest Oman platform, which seeks to attract high-impact investments and build strategic partnerships across value-added sectors - most notably mining, a key pillar of our national economy.' Eng Al Badi said: 'Naqa Salt represents a significant step for Oman's mining sector, establishing the region's largest facility for high-grade industrial salt production. Leveraging Mahout's unique natural sabkha formations, the project embodies a forward-thinking, eco-conscious approach to resource development. It reflects our unwavering commitment to sustainable growth and long-term economic and environmental impact.' 'With a planned investment of OMR13.4 million ($34.83 million), the project aims to produce 2 million tonnes of industrial salt annually. The evaporation ponds will span approximately 109 square kilometers, yielding salt with up to 99% purity—ideal for vital sectors such as chemicals, oil and gas, logistics, food, and pharmaceuticals. The project is targeting diversified international markets including India, Africa, Europe, and Asia.' Jhala commented: 'We are honoured to partner with MDO on this ambitious and strategically important project. Building on Dev Salt's expertise in delivering large-scale salt ventures across India and global markets, we are confident in the project's ability to meet growing demand while supporting industrial resilience and supply chain security in this key sector.' With global demand for industrial salt expected to exceed 372 million tonnes by 2027, the Naqa Salt Project positions Oman as a future-leading producer in the region. Beyond its industrial contributions, the project offers environmental value — its evaporation ponds will create habitats that attract migratory birds and marine life, laying the groundwork for potential eco-tourism development. - TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
