Latest news with #RashidbinAmeralMusalhi
Muscat Daily
19-05-2025
- Business
- Muscat Daily
Oman, Japan explore deeper trade ties at Tokyo forum
Muscat – Senior officials and business leaders from Oman and Japan met in Tokyo on Monday to strengthen trade and investment ties, as the Omani-Japanese Investment Forum sought to unlock new areas of economic collaboration. The forum coincided with the official visit of a delegation from the Oman Chamber of Commerce and Industry (OCCI), led by Rashid bin Amer al Musalhi, First Vice Chairman of the OCCI. The delegation also included representatives from the Ministry of Commerce, Industry and Investment Promotion, the Ministry of Health, and their Japanese counterparts. In his address to the forum, Musalhi highlighted the strategic importance of the event in deepening commercial cooperation. 'The Omani-Japanese partnership has seen significant growth over more than five decades,' he said. 'This growth reflects the depth and strength of our bilateral ties.' According to Musalhi, trade between the two countries grew by 7% in 2024 compared to the previous year. Oman's key exports to Japan include crude oil, natural gas, aluminium, and fishery products such as squid, tuna, and vegetables like green beans. In return, Oman imports automobiles, machinery, electrical equipment and vehicle spare parts from Japan. The visit aimed to support Oman's private sector by identifying investment opportunities in areas such as information technology, renewable energy, the circular economy, transportation and logistics and advanced manufacturing. Musalhi reaffirmed the chamber's commitment to promoting economic links and encouraging Japanese investment in Oman. The forum also highlighted potential cooperation in healthcare, food security, tourism, and both renewable and conventional energy. Presentations showcased Oman's investment climate, outlining incentives for foreign investors and ongoing national projects, with a special focus on the health sector. The discussions reflected a broader effort to attract Japanese interest in Oman's evolving economic landscape, as the sultanate seeks to deepen its global trade relationships.
Zawya
18-02-2025
- Business
- Zawya
Oman: Seminar discusses factors driving economic diversification in GCC
Muscat – Oman Chamber of Commerce and Industry (OCCI) is hosting a two-day seminar – 'Indicators of Gulf Economic Diversification' – in Muscat in partnership with Konrad-Adenauer-Stiftung's Regional Programme Gulf States. The event, which started on Monday, has brought together experts from the Gulf Cooperation Council (GCC) countries to discuss key factors and strategies driving economic diversification in the region. Held under the patronage of Rashid bin Amer al Musalhi, First Deputy Chairman of OCCI, the seminar is focused on measuring economic diversification and identifying progress in sustainable growth across the GCC. H H Sayyid Dr Adham bin Turki al Said, Chairman of OCCI's Economic Committee, said the chamber is committed to supporting Oman Vision 2040 objectives by assessing economic diversification trends and setting clear guidelines for future development. 'GCC countries share a vision of prioritising economic diversification, especially given global economic fluctuations and shifting geopolitical realities,' he said. The seminar will examine the current status of economic diversification in the region and the composite index used to measure progress. Yousef bin Hamad al Balushi, Vice-Chairman of OCCI's Economic Committee, highlighted the growing role of the private sector in driving diversification efforts. 'Significant progress has been made, but there is still potential for further advancements, particularly through private sector engagement,' he said. The first day of discussions covered economic diversification in Oman, the composite index for Gulf countries and sustainable growth strategies. The second day will feature sessions on key economic variables affecting GCC growth, diversification indicators and mechanisms to integrate local economic pathways with international markets. The Konrad-Adenauer-Stiftung's Regional Programme Gulf States works with GCC countries to improve mutual understanding between the region, Germany and European countries. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Muscat Daily
17-02-2025
- Business
- Muscat Daily
Seminar discusses factors driving economic diversification in GCC
Muscat – Oman Chamber of Commerce and Industry (OCCI) is hosting a two-day seminar – 'Indicators of Gulf Economic Diversification' – in Muscat in partnership with Konrad-Adenauer-Stiftung's Regional Programme Gulf States. The event, which started on Monday, has brought together experts from the Gulf Cooperation Council (GCC) countries to discuss key factors and strategies driving economic diversification in the region. Held under the patronage of Rashid bin Amer al Musalhi, First Deputy Chairman of OCCI, the seminar is focused on measuring economic diversification and identifying progress in sustainable growth across the GCC. H H Sayyid Dr Adham bin Turki al Said, Chairman of OCCI's Economic Committee, said the chamber is committed to supporting Oman Vision 2040 objectives by assessing economic diversification trends and setting clear guidelines for future development. 'GCC countries share a vision of prioritising economic diversification, especially given global economic fluctuations and shifting geopolitical realities,' he said. The seminar will examine the current status of economic diversification in the region and the composite index used to measure progress. Yousef bin Hamad al Balushi, Vice-Chairman of OCCI's Economic Committee, highlighted the growing role of the private sector in driving diversification efforts. 'Significant progress has been made, but there is still potential for further advancements, particularly through private sector engagement,' he said. The first day of discussions covered economic diversification in Oman, the composite index for Gulf countries and sustainable growth strategies. The second day will feature sessions on key economic variables affecting GCC growth, diversification indicators and mechanisms to integrate local economic pathways with international markets. The Konrad-Adenauer-Stiftung's Regional Programme Gulf States works with GCC countries to improve mutual understanding between the region, Germany and European countries.
