Muscat: Qais Mohammed Al Yousef, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), received today at the Authority's headquarters in Muscat an economic delegation from Hainan Province of the People's Republic of China, headed by Bater, Executive Vice Governor of Hainan Province. During the meeting, the two sides explored ways to enhance economic and investment cooperation in special economic zones, free zones, and industrial cities.
According to Oman News Agency, the meeting involved reviewing investment opportunities available in the special economic zones, free zones, and industrial cities supervised by the Authority. Discussions focused on possible areas of cooperation with the Chinese province of Hainan, and exploring opportunities to establish investment partnerships between companies and institutions from both sides across a number of promising economic and industrial sectors.
The two sides emphasized the significance of coordination and facilitation, as well as creating an environment supportive of cooperation, involving economic zones, companies, and the private sector in developing and executing investment and commercial opportunities and projects of mutual interest. They highlighted the benefits of mutual experiences in developing and managing economic and specialized zones, enhancing integration between zones and ports, developing industrial clusters, and attracting qualitative investments.
During the meeting, a presentation was made on the ecosystem of special economic, free, and industrial zones supervised by the Authority, along with the supportive investment environment it provides. The presentation underscored the advantages of the Sultanate of Oman's strategic location, regulatory flexibility, and openness to regional and global markets, along with the logistical depth provided by the network of ports, airports, and integrated infrastructure.
The discussions also covered the importance of enhancing communication between the business communities in the Sultanate of Oman and Hainan Province, and introducing opportunities available for Chinese companies to invest and expand in the zones supervised by the Authority. This would contribute to attracting qualitative investments, enhancing industrial integration, and transferring knowledge and modern technologies.
Both parties affirmed the importance of continued coordination and exchange of expertise, as well as working to explore new areas for cooperation and partnership. This effort aims to enhance economic and investment relations between the Sultanate of Oman and the People's Republic of China, represented by Hainan Province, serving the mutual interests of both sides.