Oman-UAE economic forum to kick-off tomorrow

Dubai: The second edition of the Oman-UAE economic forum will kick off tomorrow in Dubai. The event comes on the sidelines of the Sultanate of Oman’s participation in Expo 2020 Dubai.

Mohsen bin Khamis Al Balushi, Adviser at the Ministry of Commerce, Industry and Investment Promotion, Commissioner General of Oman at Expo 2020 Dubai, said that Oman’s delegation in the forum will be chaired by Qais bin Mohammed Al Yousuf, Minister of Commerce, Industry and Investment Promotion, with the participation of the Public Authority for Special Economic Zones and Free Zones (Opaz), The Public Establishment for Industrial Estates (Madayn), Oman Investment Authority (OIA) and Oman Chamber of Commerce and Industry (OCCI).

The forum aims to strengthen cooperation, discuss investment opportunities in the targeted sectors, and increase the volume of trade exchange between the two countries.
The two sides will present several working papers during the forum. Moreover, a set of economically feasible investment opportunities will be offered during the event.
The forum’s programme includes bilateral meetings between major companies from both sides in sectors of priority and common interest in a bid to discuss opportunities for cooperation and investment.

It is worth noting that the indicators of trade exchange for 2020 showed remarkable growth between the two countries. The volume of trade exchange exceeded OMR4 billion. The investments of UAE companies are based on various sectors, foremost of which are construction, trade, and services.