The Special Economic Zones and Free Zones Authority of Oman (OPAZ) held a specialized workshop with the World Bank Group office in Oman, represented by the International Finance Corporation (IFC), to explore collaboration opportunities in the development of industrial clusters and infrastructure projects.
Exploring Collaboration Opportunities with the Private Sector
This workshop focused on examining opportunities to expand private sector participation in economic projects. The representatives present at this meeting analyzed international frameworks for establishing green industrial zones and explored the possibility of utilizing these frameworks to enhance the operational efficiency of these zones, as well as identifying opportunities to improve the efficiency of public service utilization and link industrial clusters with local supply chains. The aim of this effort is to empower small and medium-sized enterprises to supply products and services to existing and new projects.
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Analyzing the Needs of Infrastructure Projects
In the field of infrastructure, this workshop addressed the necessary requirements for the preparation and construction of projects based on public-private partnership (PPP) models. Additionally, the possibility of providing technical and advisory support, financial instruments, qualification criteria, and environmental and social performance requirements was also examined. OPAZ is seeking to identify collaboration opportunities with IFC and provide necessary information to special economic zones, free zones, and industrial parks to develop management and operational mechanisms for projects in a way that achieves greater operational efficiency and reduces business costs.
These discussions reflect OPAZ's serious commitment to strengthening economic and industrial infrastructure in Oman and facilitating international collaborations in this regard. Given the importance of economic infrastructure in attracting foreign investments and sustainable development, such collaborations could lead to significant advancements in the near future.
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