Sunday 21 October 2018

Nasima Al Balushi

Oman in bid to attract business from Europe

MUSCAT, October 9, 2017

A management team from Ithraa, Oman’s investment and export development agency will travel to Dusseldorf, Germany and Geneva, Switzerland this week to meet with top businesses operating in logistics, tourism, petrochemicals, manufacturing, agriculture and fisheries.

The high-profile delegation also includes management from HSBC Bank Oman, Duqm Special Economic Zone, ASAAS, Petroleum Development Oman and the Port of Duqm.

B2B meetings will be held in Dusseldorf October 12 – 14 while an Invest in Oman Forum is scheduled for Geneva, October 17 – 19 in collaboration with The Arab-Swiss Chamber of Commerce and Industry. Ithraa has organized the European visit in close co-operation with HSBC management.

“We’re looking to capitalize on HSBC Bank Oman’s extensive German-Swiss business network, as well as existing investment ties in an effort to boost trade relations between Omani, German and Swiss companies,” said Nasima Al Balushi, Ithraa’s director general of Export Development & Investment Promotion.

“Our research clearly indicates that many German and Swiss companies are looking to enter the GCC market using Oman as their gateway. We will be focusing our efforts on attracting firms working in logistics, tourism, petrochemicals, manufacturing, agriculture and fisheries. Indeed, we are looking to deepen Oman-German-Swiss business partnership for the long-term,” Al Balushi explained.

“Throughout the 70 years we have been operating in the Sultanate, we have worked hand in hand with the Omani government in supporting the development of the country across a broad spectrum of industries. With our international connectivity and expertise, HSBC Bank Oman is well positioned to contribute towards supporting the foreign direct investment in Oman while working alongside Ithraa,” said Andrew Long, CEO of HSBC Bank Oman.

Ithraa’s director general of Export Development & Investment Promotion concluded:

“The sultanate is open for business and the Government is committed to supporting non-oil Omani export growth and encouraging inward investment. Significant opportunities exist for German-Swiss companies to set-up and grow in Oman. This is the message we’ll be delivering loud and clear in Dusseldorf and Geneva,” Al Balushi concluded. – TradeArabia News Service

Tags: Oman | Europe | Ithraa |

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