Oman Business Forum Discusses Latest Development in Energy and Industries

Oman Business Forum Discusses Latest Development in Energy and Industries

Muscat: In collaboration with The Ministry of Commerce, Industry, & Investment Promotion, the Business Year media group organized the Oman Business Forum on Monday, 20th May 2024, at the Oman Convention and Exhibition Center. The forum aims to discuss the latest developments in the future of energies and industries across all sectors, addressing issues relevant to companies and investors. His Excellency Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, & Investment Promotion, and other officials and business leaders attended the event.

During his speech, HE Qais bin Mohammed Al Yousef emphasized the increasing importance of renewable energy and sustainability, highlighting their role in enhancing the well-being of life and shaping Oman’s economic future, adding that with the annual target production of no less than one million tons of green hydrogen, Oman is expected to become the largest source of green hydrogen in the Middle East and the sixth-largest globally by 2030. His Excellency also pointed out that Oman is witnessing investments from major manufacturing companies keen on leveraging green hydrogen production and export opportunities.

Furthermore, His Excellency discussed signing a partnership programme between the Ministry of Commerce, Industry, & Investment Promotion and “The Business Year” institution to support the release of