New York, Delegated by His Majesty Sultan
Qaboos Bin Said, Dr. Ali bin Mas'oud al-Sunaidy, Minister of Commerce
and Industry participated in Bloomberg Global Business Forum, which
began in New York, USA.
The sessions of the forum focused on the importance of
concerted efforts by governments and private sector's institutions to
address global warming in a bid to reduce the causes of global
Participants at the meeting addressed a range of investment
methods to support investments in renewable energy and difficulties. It
is clear that there is more determination than ever to direct investment
funds to provide financing means, for example, green bonds, and the
importance of enacting laws by governments to support these efforts.
Successful examples from some countries were reviewed.
Dr. al-Sunaidy and his delegation also participated in a panel
discussion on the experiences of countries and financial institutions
and companies in the use of renewable energy and the ways in which
they resorted to achieving transformation.
Dr. al-Sunaidy reviewed the Sultanate's experience in the field of
reducing the use of gas in oil fields through the use of solar energy. He
also highlighted the government's orientation to diversify the energy
mix in the Sultanate by introducing wind and solar power plants during
the current five-year plan, as well as its plans to reach 25%-30% as a
renewable energy of the country's total energy production by 2030.
On the other hand, Dr. al-Sunaidy met with Michael Bloomberg,
Chairman of the Bloomberg Global Business Forum and a number of
officials at Bloomberg. He also met with a delegation of businessmen
from the Business Council for International Cooperation during which
he highlighted investment opportunities in the Sultanate.
He also met with some officials in the US Administration. Dr. al-
Sunaidy and his accompanying delegation also attended a reception
hosted by the US Chamber of Commerce, in cooperation with the
Sultanate's Embassy at the Sultan Qaboos Cultural Center in
Source: Oman News Agency