19/07/2018 08:09 AST

A delegation of Indian businessmen visited the Public Establishment for Industrial Estates (PEIE) on Wednesday in a bid to familiarise themselves with the investment climate in the Sultanate.

A meeting with the delegation was organised in cooperation with the Public Authority for Investment Promotion and Export Development (Ithraa) at the Knowledge Oasis Muscat (KOM).

The meeting highlighted the bilateral relations between the Sultanate and India, as well as major trade and investment opportunities available in Oman and the incentives and services offered by PEIE and Ithraa.

The Indian delegation was also briefed on the vision of PEIE to enhance the Sultanate’s position as a leading regional centre for manufacturing, ICT, innovation, and entrepreneurship excellence, and its mission to attract industrial investments and provide continued support through regionally- and globally-competitive strategies, good infrastructure, value-added services, and easy governmental processes.

PEIE officials also highlighted the establishment’s objectives, which include attracting foreign investments to the Sultanate and localising national capital, strengthening relations with authorities concerned to ensure the overflow of investment processes and the management of obstacles faced by investors, and contributing to the stimulation of the private sector to achieve sustainable economic and social development, among others.

The delegates were also made familiar with the role played by KOM as an ideal environment for the growth and prosperity of companies that specialise in the field of information and communication technology in Oman.

Meanwhile, Ithraa officials pointed out that the Sultanate has enjoyed a long history of bilateral trade with India and looks forward to ensuring continued cooperation between the two sides. The meeting also highlighted the trade and investment opportunities available in Oman in various sectors, including logistics, tourism, fisheries, manufacturing, and mining.

Ithraa is continuing to implement its promotional campaigns this year through activities that underscore the incentives and investment opportunities available in the Sultanate. These campaigns also emphasise the excellent investment climate for the establishment of businesses in target sectors in line with the aspirations of the Sultanate’s ninth five-year plan.

The delegation then visited Windows2000 Company at the Rusayl Industrial Estate. Windows2000, which specialises in the manufacturing and installation of uPVC windows and doors, is one of the leading companies in the country’s building and construction industry.


Times of Oman

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