MUSCAT: The private sectors in Oman and the United Arab Emirates are optimistic for His Majesty Sultan Haitham bin Tarik's upcoming visit to the UAE on Monday. They expect new commercial and investment opportunities to open up, contributing to increased trade and investment exchanges between the two brotherly countries. Business owners anticipate enhanced economic and joint investment cooperation, reinforcing the existing economic partnership and taking advantage of competitive business environments and investor incentives provided.
Omani businessman Mustafa bin Ahmed Salman, Chairman of the United Securities Co, sees His Majesty Sultan Haitham bin Tarik's visit as a culmination of the distinguished fraternal relations between the two countries, emphasising the depth of Omani-Emirati relations. He hopes the visit will lead to the signing of several agreements and memoranda of understanding. He also highlights the strategic partnership of the UAE as a major trading partner with Oman.
The establishment of a railway network connecting Oman with the UAE is expected to increase goods and cargo transportation, boost trade between the two countries, and facilitate re-exports via Omani ports. This project aims to reduce shipping costs, accelerate cargo delivery, and attract other companies to benefit from it.
Omani businesswoman Lujaina bint Mohsin Darwish, Chairperson of the Board of Directors of Mohsin Haider Darwish Business Group, praises the economic relations between Oman and the UAE, emphasising mutual cooperation that allows investors in both countries to benefit from investment opportunities and establish joint projects.
Emirati businessman Shaikh Muslim bin Ham al Ameri, Chairman of the Bin Ham Group, anticipates broader avenues of commercial and investment cooperation between the two countries, fostering more successful economic and investment partnerships between the private sectors of both nations. He highlights the bilateral and strategic relationships between Oman and the UAE, receiving great attention and support from the leaderships of both countries.
The investment environment in Oman is described as promising and conducive to attracting foreign investments due to the facilitation and incentives provided to investors. Successful investments in various sectors, such as real estate and tourism, demonstrate continuous growth thanks to government policies and facilitations.
Emirati businessman Khalid bin Saif al Maamari believes His Majesty Sultan Haitham bin Tarik's visit affirms the strong fraternal ties between the two countries. He expects the visit to increase trade between Oman and the UAE to meet the aspirations of both peoples, businessmen, and investors, describing Omani-Emirati relations as historical and deeply rooted.
The amendments to Oman's business environment, especially investment laws, are expected to attract and compete for investors, showing positive economic performance indicators and the rise achieved within the framework of Oman Vision 2040. — ONA
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