SINGAPORE: Several officials from Singaporean companies have affirmed that the Sultanate of Oman enjoys an attractive investment environment and encouraging laws and procedures for investment in several economic fields, along with the ease of starting businesses.
Dr S Naseem, President of the Singaporean group Meinhardt said that the Sultanate of Oman has an attractive investment climate due to the ease of starting businesses, which is one of the most important aspects sought by investors.
He added that the Meinhardt Group is among the companies working on the Sultan Haitham City project, which is considered one of the most significant projects capable of attracting investors, noting that there is considerable interest from Singaporean investors in this project.
He confirmed that there is continuous communication with many government agencies in the Sultanate of Oman to discuss future projects that can be worked on in various fields related to infrastructure.
Dr S Naseem pointed out that the Sultanate of Oman has many advantages, especially in the tourism sector, due to its diverse natural beauty. Continuing to work on providing tourist facilities would significantly contribute to attracting foreign investments.
On his part, Chong Kok Keong, Assistant CEO, CrimsonLogic, said that the Sultanate of Oman is characterized by encouraging laws and procedures for investment.
He indicated that the company is investing in Oman in information technology and is currently working on establishing a platform to facilitate the documentation of commercial transactions and contribute to providing value-added services to various institutions using the platform. There are many available fields that the company looks forward to working on in Oman.
Meanwhile, Peter Koh, CEO of the Singaporean group Oceanus, explained that the group is looking to invest in Oman in several areas, including food security, especially in the distribution related to fish wealth.
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