Friday 29 March 2024
 
»
 
»
Story

Key Oman business delegation visits London

MUSCAT, July 25, 2016

An Omani business delegation will visit London, UK, with the aim of attracting UK waste management and logistics companies to set up offices in the sultanate, helping them reach out to the fast growing economies of the Gulf, Iran and East Africa.

The delegation led by Ithraa, the sultanate’s inward investment and export promotion agency, will meet with senior UK government officials and key business leaders, said a statement.

The visit which kicked off today (July 25) will run until July 27.

Oman's political and economic stability gives UK investors great confidence. The strength of the bilateral relationship and the long trading history also adds to the attraction, it said.

The sultanate’s infrastructure and development as a global logistics hub through ports, air, rail and road construction and expansion coupled with a choice of world-class free trade zones, industrial estates and tech parks offer a good mix for UK waste management and logistics companies, it added.

Alya Al Hosni, director of industrial investment, Ithraa, said: “The UK trade visit gives us an ideal opportunity to showcase the wide-ranging logistics and waste management opportunities on offer in Oman, as well as build on the success of the longstanding Oman – UK trade relationship.”

“It also provides us the opportunity to meet the next generation of UK companies looking to do business in the Gulf and Asia. We genuinely believe there is no better place in the GCC to establish a business than in Oman. This is the message the team will be wanting to put across during our visit,” she added.

Oman has been successful in attracting multinational investors in industries such as plastics, aluminium and steel, methanol and fertilisers and is now diversifying into non-oil industries that include logistics, tourism, fisheries, food processing, minerals, manufacturing and waste management, said a statement.

To date, the UK is Oman’s largest source of foreign direct investment with over $7 billion of investment, and one of the sultanate’s top trading partners with exports of UK goods to Oman doubling between 2007 and 2014, it stated.

UK Trade & Investment based at the British Embassy Muscat helped over 750 UK companies to do business in Oman in 2015, providing in-country expertise and business guides, sign posting to relevant local partners, facilitating meetings, arranging visit programmes and providing networking opportunities, it added.
 
“UK companies should look at Oman as a strategic location using it as a hub for trade with the GCC, Iran and East Africa, benefiting from the sultanate’s political and economic stability, infrastructure, multilingual workforce and friendly and flexible laws which welcome foreign investment,” Al Hosni concluded. – TradeArabia News Service
 




Tags: | Oman | London | business | UK | Delegation | Ithraa |

More Industry, Logistics & Shipping Stories

calendarCalendar of Events

Ads