Commerce, Industry, Investment Promotion Minister highlights incentives for foreign investors at OABC meet

SourceTimes of Oman
SectorIndustrial
CountryOman

Muscat: Oman-American Business Center (OABC) hosted a virtual meeting with Qais Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion (MOCIIP). The session presented a unique opportunity for members of the OABC to engage and ask specific questions to better understand the vision and future plans of MOCIIP. Qais Al Yousef discussed incentives for foreign investors and other key information about how the plan will impact the future and Oman Vision 2040. The session also addressed business continuity and steps to mitigate the challenges faced by companies due to Covid-19 pandemic.

OABC President and Chairman Ali Dawood opened the session and said, "We trust that this first virtual session may pave the way for more interaction, discussion, and future sessions between the public and private sectors within Oman." "It is notable that in spite of, and even because of, the difficult and unique situation the world is facing today, U. S. companies can learn about what Oman has...read more...