18/10/2018 07:49 AST

The Special Economic Zone Authority of Duqm (Sezad) highlighted the investment opportunities available in Duqm to the business community in Washington through several meetings with American companies and senior US officials.

The meetings were held in the US Chamber of Commerce and the Department of Commerce and the American-Arab Chamber of Commerce. The event was attended by representatives of 50 American companies. During the meetings, investment opportunities in Duqm and the incentives provided by Sezad to investors were highlighted.

Yahya bin Saeed Al Jabri, Chairman, Sezad, welcomed US investments, stressing that the Authority will provide various facilities needed by US companies to invest in Duqm.

He praised the good relations between the Sultanate and the United States and the efforts of the two countries to further develop them. In various fields, especially in the economic areas, he pointed out that the free trade agreement (FTA) between the Sultanate and the United States was signed in 2006.

Steve Lutes, Vice President for Middle East Affairs at the US Chamber of Commerce, expressed his desire to strengthen relations between the Sultanate and the United States and to establish economic partnerships between American and Omani companies.

The meeting was attended by Hunaina Bint Sultan Al Mughairiya, the Sultanate's ambassador to the US. The American Chamber of Commerce is looking forward to organising a visit to Duqm for American companies to learn more about the region and the projects being implemented there.

Seward L. Jones, Deputy Assistant Secretary of Commerce, said that the ministry encourages American companies to invest in Duqm and establish strong relations with the business community in the Sultanate.

David Short, deputy assistant secretary of aviation and international affairs at the US Department of Transportation, highlighted the relationship between the United States and the Sultanate. He called on the companies attending the meeting organised by the US-Arab Chamber of Commerce to invest in Duqm.

He pointed out that there are many factors that support the strategic partnership between the Sultanate and the United States such as the FTA between the two countries and the open skies agreement, stressing that the infrastructure projects in Duqm are a long-term investment by the Omani people.

The promotional campaign in Washington and Houston has evoked great interest from American companies and the American business community, which stressed the need to strengthen the economic relations between the two countries.


Times of Oman

Ticker Price Volume
SIPCHEM 20.10 899,828
QNBK 190.50 145,907
APPC 48.05 453,535
SACCO 47.50 122,955
SABIC 120.60 5,510,302
JARIR 141.60 89,783
STC 83.00 280,012
GCC’s economy continues recovery, seen at 3% in ’19

14/11/2018

Economic growth in the energy-rich Gulf will recover in 2018 from a contraction last year but remains vulnerable to volatility in crude oil prices, the IMF said on Tuesday.

The global lend

Saudi Gazette

IMF: KSA reform program in right direction but needs to ‘scale up’

14/11/2018

Saudi Arabia’s reform process is heading in the right direction, but the Kingdom needs to “scale up” in certain areas of the economy, according to the International Monetary Fund (IMF).

The

Arab News

Qatar, Kuwait to drive GCC growth in 2018 and ’19: IMF

14/11/2018

Qatar’s FIFA 2022--linked infrastructure investments and Kuwait’s implementation of five-year development plans will be the GCC growth triggers in 2018 and 2019. The ongoing preparations for Expo 202

The Peninsula

IMF projects UAE’s economic growth at 3.7 per cent in 2019

14/11/2018

The UAE economy is projected to grow at 2.9 per cent in 2018 and 3.7 per cent in 2019 against an estimated growth of 0.8 per cent, according to the latest regional economic outlook report from the In

Gulf News

Japanese investments in Abu Dhabi hit Dhs6.1b by 2017

14/11/2018

The size of Japanese investments in Abu Dhabi reached approximately Dhs6.1 billion by end of 2017, while the number of trade licenses issued to Japanese investors in Abu Dhabi reached 32.

The Gulf Today