Latest news with #Rawas
Observer
22-05-2025
- Business
- Observer
Omran and Al Dhahirah sign MoU to develop Ibri View project
MUSCAT, MAY 22 Oman Tourism Development Company (OMRAN Group) has signed a Memorandum of Understanding (MoU) with Al Dhahirah Governorate to develop the highly anticipated 'Ibri View' project. The agreement, which aligns with the goals of Oman Vision 2040, marks a new milestone in the country's commitment to creating vibrant tourism destinations across the Sultanate. The signing of the MoU reflects a strategic partnership aimed at transforming the Ibri View concept into a fully realised tourism and lifestyle destination. By collaborating with local authorities, OMRAN Group aims to tap into the region's natural and economic potential while fostering community engagement, sustainable practices, and long-term investment opportunities. The Ibri View project, also known as 'Etalat Ibri', first gained national attention last year when it was named the best proposed development in a competition organised by the Ministry of Housing and Urban Planning. Located in the Al Salif area of wilayat Ibri, the project was hailed for its vision and alignment with sustainable development principles, reflecting Oman's commitment to uplifting living standards across its governorates. Commenting on the project's recognition, Najeeb bin Ali Rawas, Governor of Dhahirah, stated that the award reflects the Governorate's ambition to fulfill the sustainable development objectives outlined in Oman Vision 2040. 'The project is poised to deliver significant social and economic benefits to the local community, including job creation, economic stimulation, infrastructure enhancement, and community integration,' he said. Spread across 2 million square metres, the Ibri View project is planned with a total investment of RO183 million. The Ministry of Finance has earmarked RO10 million for the first phase, a strong indicator of the government's support for advancing infrastructure and stimulating regional growth. The development will feature a blend of residential, commercial, and leisure facilities including three hotels, a shopping centre, residential areas, green spaces, a youth centre, and other recreational amenities. Environmental sustainability is at the core of the project's design, with elements such as renewable energy solutions, green construction practices, smart infrastructure, and sustainable transport systems integrated from the outset. Rawas also highlighted the project's role in enhancing Ibri's identity as a prominent commercial and entertainment hub in the region. 'The first phase, expected to be completed within two years, is designed to create an inclusive space for social interaction and economic activity while preserving local heritage and environmental integrity.' In addition to transforming the physical landscape, Ibri View is expected to generate both direct and indirect employment across various sectors, including construction, retail, hospitality, maintenance, and services. The project will also serve as a platform for small and medium enterprise (SME) development, further embedding sustainability into the local economy. With the signing of the MoU, OMRAN Group and Al Dhahirah Governorate have taken a significant step toward turning a visionary plan into a catalyst for regional growth—one that positions Ibri as a model for future development across the Sultanate.
Zawya
27-03-2025
- Business
- Zawya
Oman-India business meeting explores investment options
Muscat – The Oman Chamber of Commerce and Industry (OCCI), in collaboration with the Indian Economic Trade Organisation, hosted the Omani-Indian Businessmen's meeting on Tuesday, focusing on strengthening trade and economic cooperation between the two nations. Business leaders from both the countries exchanged expertise and explored investment opportunities in key sectors, including renewable energy, oil and gas, fisheries and aquaculture, industry, trade, healthcare, pharmaceuticals, and human resources. The event aimed to foster strategic partnerships that drive sustainable development. Faisal bin Abdullah al Rawas, Chairman of OCCI, said that the meeting aligns with the chamber's ongoing efforts to enhance private-sector collaboration between Oman and India. He highlighted the significance of such gatherings in identifying new avenues for cooperation and maximising emerging economic opportunities. 'Omani-Indian economic relations have witnessed remarkable growth in recent years, with forums and business meetings playing a pivotal role in deepening cooperation and uncovering investment prospects,' Rawas stated. He stressed that bilateral engagements between business leaders pave the way for stronger trade relations, new partnerships and the exchange of expertise. The meeting featured bilateral discussions aimed at strengthening trade and investment ties, with a focus on high-potential sectors central to sustainable development. 'Let us work together to transform these opportunities into productive partnerships and impactful projects,' Rawas added. On the sidelines, Rawas met with the Indian delegation led by Oscar Kerketta, Chairman of the Energy Committee of the Indian Economic Trade Organisation. Their discussions centred on enhancing collaboration in key strategic sectors and expanding trade and investment relations. The event also marked the launch of a book highlighting the historical, economic, and diplomatic ties between Oman and India, commemorating the 70th anniversary of bilateral relations.
Muscat Daily
27-03-2025
- Business
- Muscat Daily
Oman-India business meeting explores investment options
Muscat – The Oman Chamber of Commerce and Industry (OCCI), in collaboration with the Indian Economic Trade Organisation, hosted the Omani-Indian Businessmen's meeting on Tuesday, focusing on strengthening trade and economic cooperation between the two nations. Business leaders from both the countries exchanged expertise and explored investment opportunities in key sectors, including renewable energy, oil and gas, fisheries and aquaculture, industry, trade, healthcare, pharmaceuticals, and human resources. The event aimed to foster strategic partnerships that drive sustainable development. Faisal bin Abdullah al Rawas, Chairman of OCCI, said that the meeting aligns with the chamber's ongoing efforts to enhance private-sector collaboration between Oman and India. He highlighted the significance of such gatherings in identifying new avenues for cooperation and maximising emerging economic opportunities. 'Omani-Indian economic relations have witnessed remarkable growth in recent years, with forums and business meetings playing a pivotal role in deepening cooperation and uncovering investment prospects,' Rawas stated. He stressed that bilateral engagements between business leaders pave the way for stronger trade relations, new partnerships and the exchange of expertise. The meeting featured bilateral discussions aimed at strengthening trade and investment ties, with a focus on high-potential sectors central to sustainable development. 'Let us work together to transform these opportunities into productive partnerships and impactful projects,' Rawas added. On the sidelines, Rawas met with the Indian delegation led by Oscar Kerketta, Chairman of the Energy Committee of the Indian Economic Trade Organisation. Their discussions centred on enhancing collaboration in key strategic sectors and expanding trade and investment relations. The event also marked the launch of a book highlighting the historical, economic, and diplomatic ties between Oman and India, commemorating the 70th anniversary of bilateral relations.
Muscat Daily
22-03-2025
- Business
- Muscat Daily
OCCI's Ramadan Evenings conclude with focus on local content
By OUR CORRESPONDENT Muscat – Oman Chamber of Commerce and Industry (OCCI) concluded its Ramadan Evenings for 2025 on Wednesday under the patronage of Sheikh Faisal bin Abdullah al Rawas, Chairman of OCCI. The closing session, titled 'The Economic Importance of Local Content', highlighted the significance of strengthening local content as a pillar for building a sustainable and prosperous economy. Discussions focused on its role in boosting the national economy, supporting small and medium enterprises and introduction of the National Strategy for Local Content Development. Speaking at the event, Rawas underscored the importance of integrating local goods and services into contracts and tenders. 'Enhancing local content strengthens the private sector, attracts investment and improves the overall business environment,' he said. 'By prioritising local products over imports, we can retain capital within the national economy.' He added that supporting local content across key sectors such as industry, trade, logistics and tourism enhances economic resilience while creating more opportunities for private sector growth and innovation. Rawas further noted that Oman has made great strides in promoting local content through targeted policies and initiatives designed to encourage businesses to rely on domestic resources.
Muscat Daily
15-03-2025
- Business
- Muscat Daily
OCCI focuses on labour market reforms
Muscat – The Oman Chamber of Commerce and Industry (OCCI) has stepped up efforts to reshape the labour market, aiming to attract investment, diversify the economy, and enhance the business environment. These priorities were highlighted during OCCI's second Ramadan Evening last week, held under the theme 'Labour Market and Employment Regulation' and chaired by Faisal bin Abdullah al Rawas, Chairman of OCCI. The event brought together key representatives from the public and private sectors to discuss policies to balance workforce supply and demand, improve productivity, and empower Omani talent. Rawas emphasised OCCI's role in shaping labour policies aligned with Oman's economic objectives. 'Regulating the labour market is essential for sustainable growth and attracting investments. A balanced workforce fosters productivity and encourages entrepreneurship, key pillars of our diversification strategy,' he said. He also reiterated the chamber's commitment to enhancing private sector participation in job creation. 'By aligning skills development with market demands, we not only strengthen the local workforce but also pave the way for innovation and competitiveness,' he added. Mohamed Hassan al Ansi, Chairman of OCCI's Labour Market Regulation Committee, stressed the importance of vocational education in bridging the gap between academic qualifications and practical skills. 'Vocational education is a gateway to opportunity, especially in high-demand sectors like technology, design, healthcare, and trade,' he said. Ansi further noted that skill-based training is essential in preparing youth for the job market and supporting entrepreneurship. 'Vocational graduates are crucial for industries facing a shortage of skilled workers, and their expertise supports the growth of SMEs and entrepreneurship in Oman,' he stated.
