Oman seeks investments through stimulus package

Oman seeks investments through stimulus package

The economic partnership between Oman and the United Kingdom is strong and the growing interest among British investors in Oman market is encouraging, according to Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion (MoCIIP).

Speaking at the Oman-British Investment Forum on Monday, Qais bin Mohammed Al Yousef said: “The United Kingdom investors have shown growing interest in investing in Oman, particularly in the field of renewable energy.”

Organised by the MoCIIP in cooperation with the UK Embassy in Muscat, the forum reviewed investment opportunities in the Sultanate of Oman and ways to promote it as a global destination for investment in renewable energy, green hydrogen and technology.

His Excellency Qais said: “This forum comes in light of the interest in the British market, as it is the largest investment partner of the Sultanate of Oman. This partnership has expanded in the past few years to include several sectors, most notably oil and gas, technology, infrastructure and education. The United Kingdom is at the forefront in terms of foreign direct investment in the Sultanate of Oman.”

The Minister added: “Our Ministry aims to attract quality investments to the Sultanate of Oman through the Economic Stimulus Plan and the National Programme for