Oman discusses investments, economic ties with Austria

1 min read
Austria's Federal Minister for European and International Affairs Alexander Schallenberg.
Austria's Federal Minister for European and International Affairs Alexander Schallenberg.
Share
  • The Oman Chamber of Commerce and Industry has had a meeting with a visiting Austrian delegation
  • They discussed ways of upgrading economic cooperation and establishing joint investments

The Oman Chamber of Commerce and Industry or OCCI has discussed with a visiting Austrian delegation the ways of upgrading economic cooperation and establishing joint investments.

The meeting was held on Monday at the premises of the OCCI in Muscat.

It was part of the program of the Austrian delegation, under the leadership of its Federal Minister for European and International Affairs Alexander Schallenberg, currently visiting the country.

The meeting saw a visual display titled Trade and Investment in the Sultanate being presented by Naseema Yahya Al Balushi, director-general of Investment Promotion at Oman’s Ministry of Commerce, Industry and Investment Promotion.

The presentation highlighted the investment climate in Oman and the incentives offered to investors, including the freedom to transfer funds abroad, as much as 100 percent ownership of business projects, and the laws and regulations.

Schallenberg was quoted by local reports as saying that such meetings help cement cooperation and contribute to the creation of joint investment projects benefiting from readily available resources and incentives offered by both countries to the business community.

“We have the expertise and enablers to activate economic ties and raise the rates of commercial exchange,” he said.

SPEEDREAD


Today's Headlines

The most important news stories of the day, curated by Post editors and delivered every morning.

By signing up you agree to our Terms of Use and Privacy Policy.

MORE FROM THE POST