Omani Trade Delegation to Head for Ahmedabad tomorrow

Muscat, Oman’s inward investment and export

promotion agency, Ithraa, will lead a delegation of 13 high-profile

organizations to the State of Gujarat in an effort to connect with Indian

investors looking for commercial opportunities in the Sultanate.

The delegation will be led by Yahya bin Said al-Jabri, Ithraa’s

Chairman. The Omani delegation will participate at the Vibrant Gujarat

Summit in Ahmedabad where they will present on a range of

investment opportunities in the sultanate, as well as highlighting the

support available for Indian companies considering setting up

operations in Oman.

The delegation’s visit to India, which starts tomorrow Thursday,

comes at a time when India is emerging as perhaps the strongest

player among the BRIC nations – Brazil, Russia, India and China. While

global and domestic headwinds are affecting growth in the Brazilian,

Chinese and Russian economies, India is growing at a rate of 7% per

year, putting it neck and neck with China.

Nasima bint Yahya al-Balushi, Ithraa’s Director General of Export

Development commented: The Sultanate and India share a long-

standing and highly collaborative trade relationship, one that fuels

prosperity in both countries. Indeed, we strongly believe the

Sultanate’s a great place for Indian investment. Our strategic location,

quality of life, infrastructure, stability and transparency of our political,

legal and regulatory environment, breadth and depth of investor pool,

entrepreneurial culture plus the wide range of support offered by

government to foreign investors are all key strengths.

Oman-Indo investment flows, estimated at around $7.5 billion, have

been robust over the past few years, particularly in iron and steel,

cement, fertilizers, textiles, cables, chemicals and automotive.

Commenting on the upcoming Ahmedabad visit, Al Balushi

explained: while the global success of companies such as Tata and

Infosys is well known, the quality of Indian SMEs has improved

significantly over the past 10 years, and many are looking to enter the

growing GCC markets using Oman as their gateway. We’re particularly

focused on attracting firms working in manufacturing, mining, logistics

and petrochemicals.

Source: Oman News Agency