‘Invest in Duqm’ road show held in Indian capital

Business Reporter -
Muscat, jan 22 -
The Sultanate’s ‘Invest in Duqm’ roadshow was held in the Indian capital, New Delhi, on Tuesday, generating significant interest from the local business community.
In welcome remarks, the Indian Minister of State for Trade and Industry affirming New Delhi’s interest in boosting economic relations between India and Oman, given the strength of existing bilateral trade between the two countries, as well as growing Indian investments in the Sultanate.
Speaking at the opening session of the ‘Invest in Duqm’ seminar, he voiced hope that the roadshow would spawn new economic partnerships between the two countries.
Yahya bin Saeed al Jabri, Chairman of the Board of Directors of the Special Economic Zone Authority in Duqm (SEZAD), thanked the governments of Oman and India for providing a conducive environment for improving economic relations between the two countries.
“This gathering provides a real opportunity to explore the advantages of investment in the Special Economic Zone in Duqm,” he said. “These meetings have helped to shed light on the investment opportunities in Duqm and provide a good platform for exchanging views on the Sultanate’s efforts in economic development.”
Al Jabri also reviewed the Sultanate’s efforts in economic diversification, investment in the infrastructure sector, and encouragement of private investment.
Shaikh Hamad bin Saif al Rawahi, the Sultanate’s Ambassador to India, said that the Sultanate and India have enjoyed special trade and strategic relations for a long time. The visit of Indian Prime Minister Narendra Modi to the Sultanate in February 2018 has contributed to strengthening these relations.
He noted that the ‘Invest in Duqm’ seminar exemplified the common desire of the two countries to strengthen economic relations between them.
He urged Indian companies and businessmen to explore the investment opportunities in Duqm and the advantages offered by the region to investors. He also praised the stable political conditions prevailing in the Sultanate and the government’s friendly political relations with various countries of the world, underpinned by the trade agreements signed by the Sultanate with many countries.
The two-day seminar also features presentations by Ithraa, SEZAD, Oman Drydock Company and Oman Oil Company. A number of bilateral meetings were also held between Omani and Indian business organisations.