Cypriot del­e­ga­tion briefed on in­vest­ment op­por­tu­ni­ties in Duqm

Muscat Daily - - BUSINESS -

Muscat – H E Yahya al Jabri, chair­man of the Spe­cial Eco­nomic Zone Au­thor­ity at Duqm (Sezad), re­ceived on Tues­day H E Dimitris Silores, speaker of the House of Rep­re­sen­ta­tives of the Repub­lic of Cyprus, who is cur­rently vis­it­ing Oman.

The meet­ing re­viewed eco­nomic re­la­tions be­tween Oman and Cyprus and their ef­forts to en­cour­age busi­nesses to form eco­nomic part­ner­ships that con­trib­ute to en­hanc­ing trade ex­change be­tween the two coun­tries, ac­cord­ing to a press re­lease is­sued by Sezad.

The meet­ing also touched on pro­mo­tional cam­paign or­gan­ised by Sezad in Cyprus in May, which helped in­form the Cypriot busi­ness com­mu­nity about the in­vest­ment op­por­tu­ni­ties in the sul­tanate, par­tic­u­larly the Spe­cial Eco­nomic Zone in Duqm (SEZD) and eco­nomic projects in Oman.

While af­firm­ing Oman’s keen­ness to at­tract for­eign in­vest­ment H E Jabri pointed out var­i­ous in­cen­tives and fa­cil­i­ties of­fered by SEZD such as tax ex­emp­tions, land usufruct for pe­ri­ods of up to 50 years, and pro­vi­sion of many ser­vices to in­vestors through the one-stop shop to men­tion a few.

The Cypriot speaker H E Silores ex­pressed his ap­pre­ci­a­tion for the sul­tanate’s ef­forts to pro­mote devel­op­ment in var­i­ous fields and said that the mu­tual vis­its will en­hance bi­lat­eral re­la­tions be­tween the two friendly coun­tries.

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