Tuesday 26 May 2020

Overview of the Port of Duqm

Chinese firms encouraged to invest in Oman

MUSCAT, September 10, 2017

Chinese companies can take advantage of attractive investment opportunities in Oman, said a top-level official at the Special economic Zone Authority Duqm (Sezad).

Oman ensures the success of Chinese investments, which are built on the close friendship, cooperation and mutual interest between the two countries, Yahaya bin said Al Jabri, chairman of Sezad, was quoted as saying in a Times of Oman report.

While addressing a gathering at the China-Arab States Expo 2017, he said that there are lucrative business opportunities for the Chinese private sector, either operating alone or in partnership with the Omani private sector.

Al Jabri added that the investment projects that will be completed in Duqm will not only be lucrative for promoters, but also will contribute to the efforts made by the sultanate to diversify the national economy, reduce reliance on oil revenues, impart technology and technical expertise, create job opportunities for Omani youths and increase productivity in various economic sectors, especially industry.

The sultanate’s delegation to China-Arab States Expo 2017 was led by Al Jabri and included representatives from public firms.

Oman’s participation was for promoting investment opportunities in the country, especially in Duqm special economic zone.

A large number of Chinese private and government officials and representatives of Arab, Asian and African countries participated in the China-Arab States Expo 2017, added the report.

Tags: | Oman | China | Invest |

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