BEIJING: The Sultanate of Oman is intensifying efforts to attract high-tech pharmaceutical and medical device investments from China, as part of a broader strategy to localise advanced industries and strengthen its industrial base. A delegation from the Public Authority for Special Economic Zones and Free Zones (OPAZ) is currently visiting China to explore opportunities in biopharmaceuticals, medical technologies, logistics and petroleum storage.
The delegation, led by Eng Ahmed bin Hassan al Dheeb, Deputy Chairman of the Public Authority for Special Economic Zones and Free Zones, includes officials representing economic zones, Khazaen Economic City and Sohar Port. During the visit, the team has engaged with government entities and leading Chinese companies specialising in biopharmaceutical production and advanced storage infrastructure.
Field visits to industrial zones and state-of-the-art medical equipment manufacturing facilities have provided insights into China’s technological capabilities and industrial ecosystems. Discussions have focused on potential partnerships, technology transfer and the localisation of high-value manufacturing activities within Oman’s economic zones and free zones.
Chinese firms have expressed positive interest in investing in Oman, particularly in light of the incentives offered across its economic and industrial zones. These include competitive regulatory frameworks, strategic location advantages and integrated logistics infrastructure, which collectively position the Sultanate of Oman as a gateway to regional and global markets.
The visit underscores Oman’s targeted approach to attracting quality investments in high-impact sectors, particularly those aligned with diversification objectives and knowledge-based economic growth. — ONA
Oman Observer is now on the WhatsApp channel. Click here
