Emi­nent speak­ers to ad­dress OER Busi­ness Sum­mit 2017

Times of Oman - - ROUND-UP -

MUSCAT: Or­gan­ised by Oman Eco­nomic Re­view (OER), the Sul­tanate’s pre­mium magazine, the OER Busi­ness Sum­mit 2017, will bring to­gether cap­tains of the Oman’s in­dus­try and who’s who of the cor­po­rate sec­tor for an en­gag­ing dis­cus­sion on the main theme, ‘Paradigm shift: Think­ing be­yond oil among other top­ics.

Talal Al Rahbi, deputy sec­re­tary gen­eral, Supreme Coun­cil for Plan­ning will be the chief guest. The sum­mit will held at Sher­a­ton Oman Ho­tel on Oc­to­ber 2.

Raoul Res­tucci, man­ag­ing di­rec­tor, Petroleum De­vel­op­ment Oman will de­liver the key­note ad­dress. Fabio Scac­ciav­il­lani, chief econ­o­mist and mem­ber of the In­vest­ment Com­mit­tee, Oman In­vest­ment Fund will make a pre­sen­ta­tion on - ‘State of Oman’s Econ­omy,’ while Jalal Al Lawati, Pro­mo­tion man­ager, Duqm Spe­cial Eco­nomic Zone Author­ity (SEZAD) will make a pre­sen­ta­tion on the prospects and op­por­tu­ni­ties at SEZAD.

Oth­ers in­clude Mo­hamed Nayaz, Part­ner, EY on ‘Cy­ber­se­cu­rity threat and how com­pa­nies can se­cure them­selves against such threats,’ Dr Philip Boigner, CEO, In­no­va­tion De­vel­op­ment Oman on ‘ IDO’s ini­tia­tives and fos­ter­ing in­no­va­tion in Oman’ and Ali Ab­du­laziz CEO, Woufra Cap­i­tal on ‘The Ex­po­nen­tial Age’.

PDO, the lead­ing oil and gas ex­plo­ration and pro­duc­tion com­pany, Oman Oil com­pany, a com­mer­cial com­pany wholly owned by the gov­ern­ment of the Sul­tanate, Oman­tel, the pi­o­neer of to­tal com­mu­ni­ca­tions in the Sul­tanate, Al Je­naibi In­ter­na­tional Au­to­mo­biles, the ex­clu­sive im­porter for BMW, Port of Duqm and Areej Veg­etable Oils and De­riv­a­tives are the strate­gic part­ners of OER Busi­ness Sum­mit 2017. Bank So­har, Oman Ca­bles In­dus­try, Taageer Fi­nance, Oc­tal, Lulu Ex­change Hold­ings and Na­tional Train­ing In­sti­tute are the sup­port part­ners, while Busi­ness In­ter­na­tional Group (BIG), the Light and Sound part­ner. Times of Oman

Pre­sen­ta­tion by ex­perts on changes in tax­a­tion, VAT and im­pli­ca­tions for the cor­po­rate sec­tor, will be the high­light of the sum­mit. Sec­tors that hold prom­ise in­clude man­u­fac­tur­ing, ports and lo­gis­tics and tourism. The panel dis­cus­sion will look at the strengths of these sec­tors and mea­sures that need to be taken to un­lock their true value

and Al Shabiba are the Me­dia Part­ners and Oman Prin­ters & Sta­tion­ers, the Print Part­ner.

Nima Abu Wardeh, for­mer pre­sen­ter of BBC’s Mid­dle East Busi­ness Re­port will be the mod­er­a­tor of the sum­mit.

Ex­perts in­clud­ing Khalid An­sari of KPMG, Ra­jeev Singh, Part­ner, Trans­ac­tion Ad­vi­sory Ser­vices, EY, Mid­dle East will ad­dress the sum­mit. The sum­mit will have a panel dis­cus­sion on sun­shine sec­tors: Lynch­pins of fu­ture growth. The pan­elists in­clude Reggy Ver­meulen, CEO, Port of Duqm; Dean Cun­ning­ham, CEO, Kunooz Hold­ing, Pascal Cange – Di­rec­tor, Le­gal and Cor­po­rate Af­fairs, Oc­tal, Mo­hammed Mubarak Al-Shikely, Vice Pres­i­dent Mar­ket­ing, Oman Air, Ashok Har­i­ha­ran, Head of Tax, KPMG in Lower Gulf, Srini­vasa Rao Edu­pall, Unit Head, Project Fi­nance and Syn­di­ca­tion De­part­ment, Bank So­har.

Low oil prices have forced the hy­dro­car­bon de­pen­dent economies to look at ways of aug­ment­ing rev­enues from al­ter­na­tive sources. The Sul­tanate has been quick to re­spond to the new re­al­ity by in­tro­duc­ing a num­ber of new ini­tia­tives such as Tan­feedh; public-pri­vate part­ner­ships; changes in tax­a­tion, sub­sidy and levies; pri­vati­sa­tion; en­hanced ef­fi­cien­cies and re­duc­ing re­dun­dan­cies. The OER Busi­ness Sum­mit 2017 will delve into the new re­al­ity and fu­ture choices.

The gov­ern­ment has iden­ti­fied public-pri­vate part­ner­ships as an im­por­tant pol­icy mea­sure for fu­ture de­vel­op­ment.

It is also look­ing at en­cour­ag­ing the pri­vate sec­tor to in­vest in public sec­tor com­pa­nies. The sum­mit will look at the pre­pared­ness of the pri­vate sec­tor to take on this role, their wish list and reg­u­la­tory changes that need to be taken to en­cour­age pri­vate sec­tor in­vest­ment and ini­tia­tive.

Panel­lists at the dis­cus­sion on public-pri­vate part­ner­ship in­clude Pankaj Khimji, di­rec­tor, Khimji Ram­das, Shah­swar al Balushi, CEO, Oman So­ci­ety of Con­trac­tors, Qais al Zak­wani, ex­ec­u­tive di­rec­tor, Author­ity for Elec­tric­ity Reg­u­la­tion, Hatem Al San­fari, chair­man, GBCM and noted Econ­o­mist and Ra­jeev Singh, part­ner, Trans­ac­tion Ad­vi­sory Ser­vices, EY.

Pre­sen­ta­tion by ex­perts on changes in tax­a­tion, VAT and im­pli­ca­tions for the cor­po­rate sec­tor, will be the high­light of the sum­mit. Sec­tors that hold prom­ise in­clude man­u­fac­tur­ing, ports and lo­gis­tics and tourism. The panel dis­cus­sion will look at the strengths of these sec­tors and mea­sures that need to be taken to un­lock their true value.

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