Oman hosts AIIB delegation

March 03, 2019

A delegation from the board of directors of Asian Infrastructure Investment Bank (AIIB) is visiting Oman on a four-day visit from today to meet with key officials from both the public and private sectors.

The visit is part of AIIB’s country engagement programme, and is organised in collaboration with the State General Reserve Fund on the theme of ‘Oman’s Plan to Diversify from Fossil Fuels’, a press release said.

The AIIB delegation will meet ministers and senior officials from the Ministry of Finance, Ministry of Transport and Communications, Special Economic Zone Authority of Duqm (SEZAD), Supreme Council for Planning and the Central Bank of Oman, as well as other officials involved with infrastructure planning and projects.  

The AIIB visit’s agenda will primarily focus on Oman’s Vision 2040, a flagship programme adopted by the sultanate, and will include a series of high-level discussions, in addition to visits to key infrastructure projects in the sultanate and meetings with several government, public and private sector officials.

The visit aims to bring together infrastructure experts and support practical and project-driven networking, with a focus on utilising innovative financing to address critical infrastructure needs. The programme also includes field visits to Duqm, where the delegation will visit Duqm port and familiarise themselves with the project and future development plans. During the visit, AIIB will learn how to further support the Omani government achieve its priorities for economic development.  

Oman was one of the 57 founding members of AIIB, which has now grown to 93 members worldwide. To date, AIIB’s board of directors has approved up to US$504mn for two projects in Oman – the Oman Broadband Project and the Duqm Port Commercial Terminal and Operational Zone Development Project.

Oman is one of the fastest growing economies in the region, and has undertaken a series of transformations to boost infrastructure development.