In line with its ongoing plans to expand its presence in the Middle East and Africa region, 3M, a science-based company that inspires creative collaboration, announced the opening of its office in Oman.
The new office was officially inaugurated by Ippocratis Vrohidis, 3M Area Vice President for Middle East and Africa; Terrence Zwambila, Managing Director of 3M Gulf; Alex Arzoumanian, 3M Country Manager for Oman in the presence of a number of government officials and industry leaders.
The new office, which is located in Shatti Al Qurum area and spread over 170 square meters, will support a comprehensive range of 3M innovative products to customers in Oman. 3M operates across diverse business sectors, such as Consumer, Electronics and Energy, Healthcare, Industrial, Safety and Graphics, and produces over 100,000 products across 46 technology platforms.
3M’s foray into Oman would initially focus on leveraging opportunities in the healthcare, oil and gas, infrastructure and retail sectors to better serve local markets and customers.
“Oman is a promising market in the GCC region, with its economy constantly expanding on the back of rising public and private investment, and a steadily increasing level of non-oil activity,” said Ippocratis Vrohidis, 3M Area Vice President for the Middle East and Africa region. “As a global leader in developing innovative solutions, 3M is firmly poised to effectively contribute towards the growth and development of Oman’s inspiring economic progress which offers a lot of potential opportunities for sustainable long-term growth.”
“The decision to open a new office in Oman is in line with our commitment to provide our partners and customers with the best products and solutions derived from years of technological innovation excellence,” said Terrence Zwambila, Managing Director of 3M Gulf. “Oman is a key growth market for our operations in the region and we are confident that we will be able to establish a strong presence and sustain our operations in this market which will be led by Alex Arzoumanian, the newly appointed 3M Country Manager.”
Oman, which showed positive economic growth over the past years and has ambitious plans to diversify its economy, offers great opportunities for growth and development in multiple sectors and is a focus market for many multinational and regional companies including global conglomerates such as 3M.
Its economy is set to post strong growth this year, despite the decline in oil prices. According to IMF figures, non-oil GDP growth in Oman outpaced the broader economy by a factor of two in 2014, up 6.5% on the year.