Times of Oman

Salalah Free Zone and Platinum Circle ink MOU

Platinum Circle invited SFZ to join the FG100 initiative following SFZ’S success in attracting internatio­nal bluechip firms to Oman

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Times News Service MUSCAT: Salalah Free Zone (SFZ) and Platinum Circle signed a memorandum of understand­ing (MOU) to include SFZ and the Sultanate as an official member of the Future Global 100 (FG100) Initiative and place Salalah Free Zone as the first GCC Free Zone in the Middle East to act as a strategic partner of the Future Global 100 Initiative.

As part of SFZ’S active role in the internatio­nal business community, Ali bin Mohammed Tabouk, Salalah Free Zone’s Chief Commercial Officer attended the global meeting of the FG100 Initiative recently held in Jakarta.

Leading corporatio­ns and internatio­nal organisati­ons from around the world engaged, discussed and shared their expert opinions on critical issues facing the future of their businesses, national markets and the global economy.

The FG100 Initiative is a global programme by Platinum Circle that shapes the future of the global economy, national markets, business and industries through the collective input of leaders from business, and intergover­nmental organisati­ons, said a press release.

Platinum Circle, a leading global business group involving corporatio­ns with annual revenues exceeding $100 million, government­s and intergover­nmental organisati­ons from the six continents, invited SFZ to join following Salalah’s recent success in attracting internatio­nal blue-chip companies to the Sultanate.

The Omani free zone is now part of one of the most influentia­l global business communitie­s, which comprises of more than 1000 firms and government organisati­ons operating in more than 20 industries and 40 markets globally.

Commenting at the occasion, Lionel Lee, Platinum Circle’s Chairman said; “I am pleased to welcome Oman and SFZ to our globally recognised and exclusive group of leaders involved in the Future Global 100 Initiative as our first GCC National Partner. This MOU is an important milestone for both SFZ and Platinum Circle as we can now include the voice of SFZ and its business leaders to our organisati­on and our global initiative on the future. This will provide Oman with direct access to our leaders from other markets and cooperate with SFZ to do more business. Together we can contribute to the global growth and the economic developmen­t of the Sultanate of Oman. We are confident that SFZ will add significan­t value to our global business group.”

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 ?? — Supplied picture ?? GLOBAL MEETING: The FG100 Initiative is a global programme that shapes the future of the global economy, national markets, business and industries through the collective input of leaders from business, and inter-government­al organisati­ons.
— Supplied picture GLOBAL MEETING: The FG100 Initiative is a global programme that shapes the future of the global economy, national markets, business and industries through the collective input of leaders from business, and inter-government­al organisati­ons.

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