Istanbul: Oman Chamber of Commerce and Industry (OCCI) organized a seminar themed New Investments as Outlined by Oman Vision 2040.

The seminar was organized on the sidelines of the 15the Arab-Turkish Economic Cooperation Forum being held in Istanbul, Turkey and highlighted the investment climate in the Sultanate.

Eng. Ridh Juma al-Saleh, OCCI Chairman said that OCCI seeks to highlight the economic climate, as well as diverse incentives offered to investors in the Sultanate

He added that Oman Vision 2040 relies on the private sector to lead the comprehensive economic development in the Sultanate.

He further said that Oman has launched 50 investment opportunities with initial feasibility studies covering diverse industrial areas at a cost estimated at USD 519 million.

Amna al-Sharji from the Public Authority for Special Economic Zones and Free Zones (OPAZ) gave a presentation on the zones under the Authority, as well as incentives offered to investors

She added that OPAZ seeks to make Duqm a modern and smart zone. Thus, an area was designated for Artificial Intelligence (AI) in the Special Economic Zone Authority in Duqm (SEZAD)

Mustafa Ali al-Lawati, Promotion Director at Khazaen Dry Port gave a presentation on Khazaen services and incentives.