10-02-2025
Oman-India economic ties strengthened through investment dialogue
NEW DELHI: A high-level delegation from the Public Authority for Special Economic Zones and Free Zones (OPAZ) visited India to enhance economic cooperation and explore investment opportunities between the Sultanate of Oman and the Republic of India. Led by Eng Ahmed bin Hassan al Dheeb, Deputy Chairman of the Public Authority for Special Economic Zones and Free Zones, the delegation engaged with key Indian industries and institutions to foster bilateral trade and knowledge exchange. During their visit, the delegation toured major industrial hubs, including Jindal Iron and Steel Group's facilities in Angul, where they observed advanced steel production processes. They also visited OP Jindal International University to explore academic programmes, research centres and industry collaborations that could support Oman's human capital development.
As part of the visit, OPAZ co-organised a business forum with the Embassy of Oman in India, coinciding with the 70th anniversary of diplomatic relations between the two nations. The event attracted more than 80 Indian companies from sectors such as pharmaceuticals, food, medical products and energy.
Speaking at the forum, Al Dheeb emphasised India's strategic role as a key investment partner for Oman. 'Special economic zones and free zones are critical in driving investment and strengthening economic ties between our nations,' he stated. 'This visit is an opportunity to showcase Oman's investment potential and attract new business partnerships.'
The Omani delegation presented investment opportunities across OPAZ-managed zones, highlighting incentives available to foreign investors. Additionally, the Omani House of Law Office provided an overview of Oman's legal and regulatory framework for investors.
Al Dheeb reiterated the importance of leveraging Oman's special economic zones to attract Indian investments. 'By fostering cross-border collaboration, we can enhance industrial growth and create new economic opportunities for both nations,' he added.
This visit reinforces Oman's commitment to strengthening economic partnerships with India, leveraging trade, investment and knowledge exchange to drive sustainable growth. — ONA
