Complex Made Simple

Oman Investment Forum captures the attention of Tokyo

The Oman Investment Forum opened in Tokyo today, led by Dr. Hamed Said al Oufi, Undersecretary of the Ministry of Agriculture and Fisheries.

Organized by Ithraa, the two-day forum will bring together representatives from the Omani and Japanese industrial sectors, government agencies and trade organizations to discuss investment and economic co-operation.

His Excellency Khalid Al Musalhi, the Sultanate’s Ambassador to Japan said: “The Oman Investment Forum is an ideal platform to strengthen the economic and trade relations between Oman and Japan. The program will showcase Oman as a gateway into key markets in the region and I’m confident that it will deliver results”

Faris Al Farsi, Ithraa’s Director General of Investment Promotion, said, “Japan can become a key partner for Oman as we look to attract specialist investment into the Sultanate’s ports and special economic zones. As a major manufacturer of high quality machinery, technology and electronics, our focus is to bring Japanese expertise to assist us with the development of major projects in the logistics, fisheries, petrochemical, tourism and manufacturing sectors across the Sultanate.”

On the opening day of the Forum, Japanese investors will hear from representatives from Oman Oil Company, the Special Economic Zone at Duqm (SEZAD), Port of Duqm, and Drydock, and Oman Railway Company who will present the potential business opportunities available in some of the Sultanate’s largest projects.

Ithraa will also outline the commercial advantages available to international investors in setting up operations in Oman and accessing emerging markets in the Middle East, Africa and Asia.

On the Forum agenda, Omani companies will also meet with Japanese counterparts and conduct site visits to manufacturing plants, industrial areas and commercial zones in the greater Tokyo area. Under the guidance of project managers, the Omani delegation consisting of 42 representatives, will be able to examine production facilities and identify methods that could be adapted to benefit similar projects in the Sultanate.

Trade relations between the two nations have steadily grown in recent years with Omani exports to Japan reaching US$5.63 billion in 2013. Japan is one of the largest importers of aluminum and fishery products from Oman. Imports from Japan rose from US$2.9 billion in 2012 to US$3.13 billion in 2013 with car parts and automobile products comprising 90% of all products arriving into the Sultanate.

Ithraa’s Director General of Investment Promotion concluded, “The Forum provides an ideal platform to explore new avenues of investment and strengthen ties between the two countries.”