invest in oman

Muscat: The expansion of trade and commercial relations between the Sultanate of Oman and the Union of the Comoros may constitute a significant growth in the two countries.

This was stated by Dr. Fouad Mohadji, Vice-President of Comoros and in-charge of the Ministry of Production, Environment, Energy, Industry and Handicrafts, during his visit to the Public Establishment for Industrial Estates (PEIE) yesterday (Saturday) within the framework of his current visit to the Sultanate.

Muscat: Bahraini investors and businessmen hailed the excellent investment environment provided by the Public Establishment for Industrial Estates (PEIE). This was marked at the "Invest in the Sultanate of Oman" Symposium held yesterday (Tuesday) in Bahrain and organized by PEIE in collaboration with the Sultanate's Embassy in the Kingdom of Bahrain, under the auspices of Sheikh Mohammed bin Essa Al Khalifa, Chief Executive of the Bahrain Economic Development Board (EDB).

The event was attended by HE Abdullah bin Mohammed Al Amri, the Sultanate's Ambassador to Bahrain, and Hilal bin Hamad Al Ahsani, CEO of (PEIE).
Addressing the audience, Al Amri emphasized the depth of relations between the Sultanate and the Kingdom of Bahrain and the development of these relations in various fields. "Thanks to the patronage of His Majesty Sultan Qaboos bin Said and His Majesty King Hamad bin Isa Al Khalifa of Bahrain," he noted.

Muscat: In cooperation with the Sultanate's Embassy in the Kingdom of Bahrain, the Public Establishment for Industrial Estates (PEIE) organizes today (Tuesday) a symposium titled "Invest in the Sultanate of Oman" under the auspices of Sheikh Mohammed bin Essa Al Khalifa, Chief Executive of the Bahrain Economic Development Board (EDB), at Ritz Carlton Hotel in Manama.

The event, which will also be attended by the Sultanate's Ambassador in Bahrain and Hilal bin Hamad Al Ahsani, CEO of (PEIE), aspires to highlight the investment opportunities available in the Sultanate. A number of papers will be presented by officials from PEIE, Special Economic Zone Authority in Duqm, Public Authority for Investment Promotion and Export Development (PAIPED) and the free zones in Salalah, Sohar, Al Mazunah, Sohar Industrial Port and Golden Hala Company.

February 21th, 2012:
In its biggest ever expansion drive outside of the UAE, the Abu Dhabi-based Ghantoot Group today announced that it will invest US$500 million in various projects in Oman’s hospitality, water and power sectors.

A top official for Ghantoot Group said that starting 2012, the Group plans to establish two power plants, three hotels and investment in other facilities in water desalination, transmission and distribution  and oil and gas projects aimed to benefit the Sultanate.

The first power plant, of 140MW capacity, will be set up in Ras Al Khaimah in the UAE to supply electricity exclusively to Musandam, in Oman, and adjoining areas, while another power plant, of 120MW capacity, will be set up in central Oman at a site to be finalised soon. When completed, the two plants will provide power to Omani consumers at a lower cost to the government.

Muscat, (ONA)--- By establishing the industrial estates, the Government of the Sultanate of Oman has sought to diversify the source of income and promote business environment in the Sultanate, avail employment opportunities for Omanis in addition to attracting local and foreign investment to nationalize it's projects.

The first industrial estate was established in 1983 at Al Rusail Industrial Estate in the Muscat Governorate which was inaugurated officially in 1985. Afterwards, many industrial estates were established in a number of governorates and regions of the Sultanate.

After the success of the experience, the Public Establishment for Industrial Estates (PEIE) was established via Royal Decree no. 4/93 with the aim of managing, operating and developing the industrial estates in the Sultanate now numbered by 8 namely Al Rusail, Sohar, Raysut, Nizwa, Sur and Al Buraimi, in addition to, the Information Technology Industry Estate, Knowledge Oasis Muscat (KOM) and Al Mazyounah Free Zone.

Sohar, (ONA)- Sohar Industrial Estate has been one of the areas that attract investments; thanks to the scores of facilities and incentives provided to any project that may be directly linked to any of the underway industrial projects at Sohar Industrial Port which is a short distance from the 5th and 6th stages of Sohar Industrial Area.

Sohar Industrial Estate is one of the areas under the umbrella of the Public Establishment for Industrial Estates (PEIE). The area, 220 km from Muscat and about 180 km from Dubai and about 100 km from Al Buraimi Governorate, was opened on November 16th 1992. The location of the area in the mid-way among major markets gives it a special importance.

Flagship air carrier’s Q1 2011 tourist passengers surpass 2008 – 2010 figures


11 August, 2011
The World Travel and Tourism Council (WTTC) forecasts that travel and tourism will contribute USD 1.93 billion to Oman’s total GDP this year, driven by strong tourist arrivals to the Sultanate. The nation’s flagship carrier Oman Air reports a surge in tourism arrivals via its Q1 2011 flights. Passenger figures for the period surpassed those of 2008, 2009 and 2010, with March 2011 witnessing 35,000 arrivals compared to around 25,000 in March of the previous year. The cities of Muscat and Salalah are already expanding their respective airports to accommodate passenger traffic of between 48 and 10 million per annum. Arrivals at Oman’s key ports are growing as well, with Muscat alone reporting over 90 cruise ship visits for the 2010 -2011 season.

Omanexpo’s general manager Nasser Diab, speaking at the 2nd Euro-Arab Conference to Support Small and Medium Enterprises (SMEs) at the Palazzo Lombardia in Milan, Italy on Monday, highlighted the significance of the ongoing economic development in Oman in relation to the state of the trade fair industry in Oman.        

In the roundtable session “The New Euro-Arab World: Perspectives for a Common Finance and Economic Development” where he talked about the trade fair industry in Oman, Diab outlined the government’s plans to elevate Oman’s trade fair industry to a world-class level.  He cited its initiatives to improve the existing infrastructure to promote its growth, among which are the planned major expansion of the Oman International Exhibition Center and the building of the new world-class Oman Convention and Exhibition Center, which will position Oman as a major destination for Meetings, Incentives, Conferencing, Exhibitions (MICE) in the Middle East region.