Latest news with #OmanChamber
Times of Oman
4 days ago
- Business
- Times of Oman
OCCI participates in Iraqi Franchise Expo in Baghdad
Baghdad: Oman Chamber of Commerce and Industry (OCCI) is taking part in the 2nd edition of the Iraqi Franchise Expo in Baghdad. OCCI delegation is led by Eng. Hamoud Salim Al Saadi, Second Deputy Chairman of the Board of Directors of Oman Chamber of Commerce and Industry, Chairman of OCCI Commercial Franchise Centre Committee. Two franchise agreements were inked by Omani franchise firms during the first day of the exhibition. The first agreement was signed by Mohammed Sagheer Qassim Al Maamari, owner of the 'Brothers of Silver' brand. The second agreement was signed by Issa Saleh Al Aghbari, owner of the Omani brand 'Seven Fries'. The OCCI's pavilion at the expo featured more than 15 leading Omani brands that seek to explore franchising opportunities and enter the Iraqi market.
Zawya
14-05-2025
- Business
- Zawya
Oman firms seek U.S. deals at Investment Summit
As part of its strategic efforts to boost the international presence of Oman's private sector, the Oman Chamber of Commerce and Industry (OCCI) has led a trade delegation to the United States to participate in the SelectUSA Investment Summit—one of the world's leading platforms for promoting foreign direct investment into the U.S. economy. The opening ceremony of the summit was attended by H.E. Talal bin Sulaiman Al Rahbi, Oman's Ambassador to the United States, while the Omani delegation was headed by Sheikh Saud bin Ahmed Al-Nahari, Member of the OCCI Board of Directors. The delegation also included Eng. Said bin Ali Al-Abri, Board Member and Head of OCCI's North Al Batinah Branch; Abdul Latif Mohieddin Khonji, Board Member and Chairman of the Foreign Investment Committee; and representatives from the Ministry of Commerce, Industry and Investment Promotion (MoCIIP), alongside executives from 11 Omani companies operating in diverse sectors such as technology, manufacturing, services, consulting, and ICT. Strategic Push for Global Integration This participation aligns with OCCI's broader strategy to expand Oman's economic diversification, forge stronger international trade ties, and unlock new markets for Omani enterprises. It also reflects Oman Vision 2040's aspirations to position the Sultanate as a competitive regional and global investment hub. Commenting on the significance of the summit, Sheikh Saud bin Ahmed Al-Nahari said: 'SelectUSA offers a vital platform for identifying investment opportunities in the U.S. market. This is a practical step towards enabling Omani companies to scale globally and build strategic partnerships. We aim to leverage U.S. expertise to enhance Omani exports and attract high-quality investments to Oman. Our participation sends a strong message that Oman's private sector is ready to compete and collaborate on the global stage.' Business Leaders Eye Expansion and Partnerships Sheikh Mohammed bin Saad Bahwan, Board Member at OTE Group, described the summit as a strategic opportunity to explore collaboration in services and logistics: 'We engaged in a series of high-level meetings with officials and economic experts from several U.S. states. The interest in Omani companies was evident—especially in transport, manufacturing, distribution, and trade facilitation sectors. We gained direct insights into the U.S. investment environment and its regulatory landscape.' Kalim bin Mohammed Al-Yaqoubi, CEO of Horwell Integrated, highlighted the promising prospects in technology and logistics: 'We established valuable connections with participating firms, aiming to transfer advanced experiences to the Omani market while building marketing partnerships for U.S. entry. The summit also introduced us to innovative business models that can be adapted to local realities.' Ahmed Al-Shukaili, CEO of InTech for Technology and Security Systems, added: 'SelectUSA provided an ideal platform to showcase our tech solutions developed in Oman. We pursued strategic relationships and explored knowledge exchange opportunities in cybersecurity. Our goal is to align our offerings with U.S. market demands and create added value at an international level.' Global Forum... Strategic Leverage The SelectUSA Investment Summit, organised by the U.S. Department of Commerce, is one of the premier global events dedicated to attracting foreign direct investment. It gathers senior U.S. government officials, state representatives, municipal leaders, and Fortune 500 companies. This year's edition welcomed over 5,000 participants from across the globe, including 2,500 international investors representing more than 90 global markets. Oman's trade delegation included 25 participants, positioning the Sultanate strongly among other competing economies. The joint participation of OCCI, MoCIIP, and private sector companies underscores Oman's commitment to strengthening international partnerships, fostering knowledge transfer, and unlocking strategic investment opportunities—laying a solid foundation for a globally integrated, competitive Omani private sector. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Times of Oman
10-05-2025
- Business
- Times of Oman
Oman holds workshop to review foreign capital investment law
Muscat: The Ministry of Commerce, Industry, and Investment Promotion in collaboration with the Oman Chamber of Commerce and Industry, organized a workshop to assess and review the Foreign Capital Investment Law, as part of ongoing efforts to enhance the investment climate and attract foreign direct investments. The ministry is working to align Oman's investment framework with regional and global economic shifts, aiming to position the Sultanate as a leading hub for foreign investment. This includes flexible legislation, strategic incentives, and sustainable economic growth initiatives. The workshop addressed key challenges and opportunities related to the law's implementation, reviewed incentives and facilities offered to investors, and explored ways to create quality job opportunities and expand the economic base. Discussions also focused on closing existing legal gaps and attracting high-value investments. Participants examined past initiatives, including 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 Investor Residency Program, which provides special entry pathways for investors. Nasima bint Yahya Al Balushi, Director General of the Investment Services Center, emphasized that the ministry is committed to reviewing and improving the investment environment in line with global economic developments, ensuring Oman remains a preferred destination for investors. Meanwhile, Tahira bint Sultan Al Ameriya, Director of the Business Facilitation and Development Department, highlighted the importance of identifying areas for improvement in Oman's business environment and closing legislative gaps to align with market demands and national workforce development.
