Oman’s private sector seeks to woo foreign investors

10 Nov 2014

(MENAFN) Oman’s private sector is seeking to assist the government’s efforts to attract foreign investments into the sultanate and enter into economic partnerships with companies throughout the world, including Oman’s latest visit into India, which was targeted at encouraging new investors into the country, Times of Oman reported.

The visit, which included a delegation of businessmen from both the public and private sector, is expected to help opening new possibilities for cooperation between the Sultanate and India, especially between the private sectors in both countries not simply on the aspect of buying goods, but by signing partnerships between the sectors.

India, which is considered one of the most important economies in the world, is going through a period of progress and development in its economic fields, especially in technology, is a very important market for Oman to invest, with Omani businesses showing interest in exporting intermediate or fully made products from India.

The efforts by the private sector is also expected to help with Oman’s economic growth by importing new technologies, providing jobs for Omani youths, as well as increasing investment opportunities and areas of cooperation between the two countries, which could result in opening the door for more investment partnerships between the two sides in the near future.