Latest news with #SayyidIbrahimbinSaidalBusaidi
Muscat Daily
6 days ago
- Business
- Muscat Daily
Oman, Turkey announce RO5mn venture to boost marine industry
Muscat – Musandam International Investment Company, in partnership with Turkish investors, has signed binding commercial terms and a shareholders' agreement to establish the Musandam Drydock and Marine Industries Company. The venture, based in Musandam governorate, will see an initial investment of over RO5mn in its first phase. The signing ceremony was attended by H E Dr Saud bin Hamoud al Habsi, Minister of Agriculture, Fisheries and Water Resources, and Sayyid Ibrahim bin Said al Busaidi, Governor of Musandam. The company will offer a range of marine services including construction and maintenance of fish farming cages, coastal and commercial fishing vessels, marine tugs, service vessels, and transport vessels up to 35 metres in length. The facility is intended to cater to Oman's domestic market as well as regional demand. The project aims to enhance industrial integration in the marine and fisheries sector, supporting national goals for food security and sustainable economic growth. It forms part of Musandam International Investment Company's wider strategy to build an integrated local ecosystem and promote development in Musandam, aligned with Oman Vision 2040.
Muscat Daily
19-03-2025
- Business
- Muscat Daily
Oman's chamber of commerce hosts talks on civic councils' role
Muscat – The Musandam branch of the Oman Chamber of Commerce and Industry (OCCI) on Tuesday hosted a Ramadan Evening titled 'Municipal Councils and Their Role in Society and Development'. The event, held under the patronage of Sayyid Ibrahim bin Said al Busaidi, Governor of Musandam, was attended by Raed bin Mohammed al Shehhi, Chairman of the OCCI Musandam branch. Discussions focused on the role of municipal councils in fostering local development and strengthening community partnerships. The session explored the councils' responsibilities, including infrastructure development and their role as intermediaries between citizens and the government to improve local services. Participants also highlighted the councils' involvement in planning and executing projects aimed at enhancing the business environment and driving economic growth in Musandam. Emphasis was placed on partnerships between municipal councils and the local community, along with strategies to enhance communication between councils and business owners to identify development priorities. The event also reviewed several strategic and municipal projects that have improved infrastructure and boosted the local economy. The discussion underscored the role of the private sector in the success of upcoming municipal projects, which are expected to contribute to economic diversification and sustainability. Sayyid Ibrahim said, 'This Ramadan Evening is part of broader efforts to foster community communication and create a space for constructive dialogue. Such gatherings are essential for exchanging ideas and visions on how to advance the governorate and stimulate collaboration between the public and private sectors, contributing to sustainable development.'
