The Oman-China Forum was recently held on the sidelines of Sultan Haitham bin Tariq's official visit to China, aimed at expanding investment horizons and establishing bilateral cooperation. During this event, agreements and memorandums of understanding worth nearly one billion Omani rials were signed.
The Importance of Ongoing Interactions Between Investors and Government Entities
Participants in this forum emphasized the importance of continuing interactions between investors and government entities and highlighted the need to share experiences and seek opportunities in promising economic sectors. They also identified Oman's investment incentives, infrastructure, and economic diversification initiatives as key factors in attracting international investors.
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Aladdin bin Abdullah Bait Fadhil, CEO of Omantel, noted the achievements of the high-level delegation's visit, stating that this trip has provided promising opportunities for expanding Omani companies' activities in international markets. He also mentioned the signing of two memorandums of understanding, particularly with the Ministry of Transport, Communications, and Information Technology, and collaboration with Huawei for the installation of neural processing units.
Development of Investment Cooperation
Guiyong Zhang, Head of Private Investments at the Bank of China, stated that this forum has provided an important platform for exploring new investment opportunities. He referred to the establishment of a $300 million investment fund in collaboration with the Oman Investment Authority in 2020 and announced the signing of a memorandum of understanding for the establishment of a second investment fund worth $500 million.
Abdul Wahid Mohammed Al-Murshidi, CEO of Bank Sohar International, described this visit as a milestone in bilateral trade and economic relations and referred to the signing of three cooperation memorandums with Chinese financial institutions to strengthen banking relations and expand trade exchanges.
Sheikh Ahmed Suhail Bahwan, Chairman of Bahwan International, emphasized the importance of the growing economic relations between Oman and China and spoke about the available opportunities for strategic partnerships in various sectors. He also referred to his 20 years of experience with China National Petroleum Corporation in exploring opportunities in the technology sector.
Ali Shan, a Chinese entrepreneur, pointed to Oman's attractiveness as an investment destination and emphasized the country's political stability and security. Hussain bin Abdullah Al-Haddad, Chairman of United Summit, also stressed the importance of continuous coordination between the public and private sectors to achieve investment goals.
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