Muscat: The Al Wusta Governorate, characterized by its expansive coastline spanning 550 kilometers, rich natural resources, and temperate climate, is increasingly being recognized as an attractive destination for both local and international investment in sectors such as oil, tourism, logistics, and fisheries.
To further capitalize on this potential, the Oman Chamber of Commerce and Industry (OCCI) branch in Al Wusta Governorate is diligently working to foster an environment conducive to investment, improve the business landscape, and promote the governorate through a variety of programs and initiatives. As a testament to these efforts, the OCCI will host the fifth edition of the Duqm Forum on October 20, 2024, at the Oman Convention and Exhibition Center in Muscat, with the theme "The Blue Economy: The New Frontier for Investment."
This forum, in collaboration with the Ministry of Foreign Affairs and the Public Authority for Economic Zones and Free Zones, aims to convene experts, investors, and companies specializing in the blue economy investment sector.
Dr. Salem bin Salim Al Junaibi, a member of the State Council, Chairman of the OCCI in Al Wusta Governorate, and the General Supervisor of the forum, underscored the Chamber's commitment to launching initiatives and programs that encourage investment in the governorate. He highlighted the coordination with relevant investment authorities in Oman to ensure the success of these efforts.
In an interview with Oman News Agency, Dr. Al Junaibi outlined the focus of the forum on the blue economy, a critical sector within Oman's national economic framework. The forum will address three primary areas: the pillars and strategies of investment in the blue economy, exploring blue investment opportunities in food security, logistics, tourism, and renewable energy within Oman, and the discussion of global technologies and experiences that enhance blue economy investments.
He also emphasized the strategic position of Al Wusta Governorate, located along the Arabian Sea and the Indian Ocean, and its access to Asian markets, positioning it as a significant maritime trade corridor for international goods and a logistical hub for commercial ship manufacturing and maintenance. Furthermore, the governorate's abundant fish resources present lucrative investment opportunities in the fish processing and petrochemical and refinery sectors. Dr. Al Junaibi concluded by stating that Al Wusta Governorate is well-equipped to lead in blue economy investments, leveraging its diverse resources and strategic advantages.
