Bahraini business delegation explores investment opportunities in Oman
Keen to assess the investment climate in the Sultanate, a delegation representing the Bahrain Chamber of Commerce and Industry visited the Public Establishment for Industrial Estates (PEIE) on Tuesday. A meeting with the delegation was also organised at PEIE’S headquarters in the Knowledge Oasis Muscat (KOM) in cooperation with Oman Chamber of Commerce and Industry.
The Bahraini delegation, headed by Sameer Abdulla Nass – Chairman of Bahrain Chamber of Commerce and Industry, was received by Hilal bin Hamad al Hasani, Chief Executive Officer of PEIE, and Ayman bin Abdullah al Hasani, Vice-chairman of PEIE Board of Directors.
Hilal al Hasani 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 and providing continued support, through regionally and globally competitive strategies, good infrastructure, value adding services, and easy governmental processes.
PEIE officials explained the significance of the strategic location of the Sultanate, the prominent features of the industrial sector and the national economy. PEIE runs a string of industrial estates in Al Rusayl, Suhar, Al Buraimi, Raysut, Sur, Nizwa and Samayil, in addition to Knowledge Oasis Muscat and Al Mazyounah Free Zone.
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.