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Muscat: The Omani private sector welcomes the anticipated visit of the President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyan to the Sultanate of Oman.
In a statement to the Oman News Agency (ONA), several businessmen expressed hope that the visit will open up new prospects for economic cooperation and business partnerships, provide more incentives, facilitate trade exchanges, and enable both sides to enter into joint investments Partnerships.
Britain. The President of the Oman Chamber of Commerce and Industry (OCCI), Redha Juma Al Saleh, told ONA that Oman and the UAE are moving forward together with a clear vision to achieve greater success in expanding investment and business exchanges.
The two countries are adding new incentives every day to help forge new economic partnerships, he said. He noted that in 2021, Oman will export over 1.3 billion RO to the UAE and import over 4.2 billion RO from the UAE, Al Saleh explained.
Al Saleh said Oman is home to UAE investments worth 1 billion and 207 million RO, accounting for more than 42 percent of non-Omani investments.
Investments in the UAE are shared by 3,071 companies in the commercial, construction, industrial, real estate, services and transport sectors.
In turn, State Councilor and CEO of Mohsin Haider Darwish Group Lujaina Mohsin Haider Darwish said Oman and the UAE have a lot in common. The two countries share common cultural, political and economic relations stemming from their geographical borders, as well as linguistic, religious, and good-neighborly ties.
Lujaina observed that these relations continued to develop due to the directives of the two leaders, His Majesty Sultan Haitham bin Tariq and His Majesty Sheikh Mohamed bin Zayed Al Nahyan.
Shaikh Ghanim Tahir Al Bat’hari, chairman of the board of directors of Al Baraka Oil Services and Sakan Facility Management Company, said the visit reflected the depth of the relationship between officials and the people.
He added that the Omani private sector welcomes Syed Sheikh Mohammed bin Zayed’s visit, believing that the visit will bring many benefits to the people of both countries.
United Securities CEO Mustafa Ahmed Salman said Sheikh Mohamed bin Zayed’s visit to Oman will increase business exchanges and will boost existing joint investment projects.
Areej Mohsin Haider Darwish, chairman of the Automotive, Construction Equipment and Renewable Energy Group, said the UAE business community is seen as an essential business partner for its Omani counterparts. “We look forward to increasing investment opportunities and incentives to push bilateral cooperation to a wider area,” she added.
Areej affirmed that Sheikh Mohamed bin Zayed’s visit provides a rich resource for building a strategic partnership that meets the aspirations of the two peoples.
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