Bahraini delegation explores investment opportunities in Oman

September 25, 2018

With aspiration of getting familiarised with the investment climate in Oman, a delegation representing Bahrain Chamber of Commerce and Industry on Tuesday visited the Public Establishment for Industrial Estates (PEIE).

A meeting with the delegation was organised at PEIE’s headquarters in the Knowledge Oasis Muscat in cooperation with Oman Chamber of Commerce and Industry, according to a press release.

The Bahraini delegation, which was chaired by H E Sameer Abdulla Nass, chairman of Bahrain Chamber of Commerce and Industry, was received by Hilal bin Hamad al Hasani, CEO of PEIE, and Ayman bin Abdullah al Hasani, vice-chairman of PEIE board of directors.

The PEIE CEO briefed the delegation on the vision of PEIE, which is to enhance the sultanate’s position as a leading regional centre of manufacturing, ICT, innovation and entrepreneurship excellence, and its mission in attracting industrial investments to Oman.

PEIE officials explained the significance of the strategic location of Oman, the prominent features of the industrial sector and the national economy.

Moreover, the Bahraini delegates were acquainted with the objectives of PEIE, which include attracting foreign investments to the sultanate and localising the national capital; strengthening relations with the concerned authorities to ensure the overflow of investment process and overcome any obstacles faced by investors; and contributing to stimulating the private sector to achieve sustainable economic and social development, among other objectives.

The delegates were also introduced to the role played by the Knowledge Oasis Muscat to act as an ideal environment for the growth and prosperity of companies specialised in the field of information and communication technology in Oman.

The PEIE officials gave a brief on PEIE’s investment arm – Shumookh Investment and Services SAOC. Established in 2010, Shumookh aims at developing infrastructure projects and encouraging investment in the industrial estates under PEIE.

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