Ithraa hosts ‘Invest in Oman’ webinar to strengthen economic ties with India

Merge 104.8  |  22 May 2020

Ithraa, Oman’s inward investment and export promotion agency, hosted an ‘Invest in Oman’ webinar on Thursday [May 21]. As Oman News Agency (ONA) reports, the online event was organized in partnership with SEZAD, ASYAD Group, and the ICAI Muscat Chapter for members of the Bangalore Chamber of Commerce, and the Hindustan Chamber of Commerce in Chennai.

Cover image photo credit: Oman News Agency

As per ONA, the hour-long virtual event presented a range of investment opportunities in the Sultanate, as well as highlighting the support available to foreign companies considering setting up operations in Oman.

 Nasima al-Balushi, Ithraa’s Director General for Investment and Exports said: “Oman and India share a long-standing and highly collaborative trade and investment relationship — one that fuels prosperity in both countries. Our strategic location, quality of life, infrastructure, stability, and transparency of our political, legal, and regulatory environment, along with the breadth and depth of our investor pool, entrepreneurial culture, plus the wide range of support offered by the government to foreign investors are all key strengths. We already have a number of high-profile Indian investors flourishing here, and there are plenty more opportunities to be had for new entrants to the Omani business landscape.”  

Today, India is home to a large and booming SME community, with many firms eyeing the GCC market. The ‘Invest in Oman’ webinar was designed specifically to show influential companies and public sector representatives in Bangalore and Chennai exactly what Oman has to offer in a range of sectors, and why it’s such an attractive investment destination.

Al-Balushi added: “Oman has an outstanding reputation in manufacturing, fisheries, tourism, logistics, mining and, of course, in oil and gas, We’re also home to a size-able Indian diaspora – these are just some of the qualities that make the Sultanate an attractive destination for Indian investors. And from an export perspective, India offers Omani firms a large, high-growth market. There is so much potential awaiting in so many areas. We look forward to taking discussions to the next stage and welcoming Indian firms to Oman.”  

Source: ONA

(Also read: NBC helps empower entrepreneurship in Oman through incubation.)