Latest news with #InvestorResidencyProgramme
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
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
